Which group is responsible for ensuring that the organization is run according to the organization's charter and that there is proper accountability?

Question

Quizplus · Accepted Answer

The board of directors is responsible for overseeing the organization's operations, ensuring that they are run in accordance with the organization's charter, and that there is proper accountability. They are also responsible for selecting and evaluating the CEO and setting overall strategic direction. Regulatory agencies such as the SEC may review and enforce compliance with governmental laws and regulations, while external and internal auditors provide independent assessments of the organization's financial reporting and internal controls. However, the ultimate responsibility for ensuring proper governance and accountability lies with the board of directors.

Which Group Is Responsible for Ensuring That the Organization Is