___ are formally charged with ensuring that an organization operates in the best interests of its owners and/or the representative public.

Question

Quizplus · Accepted Answer

Boards of directors are responsible for overseeing the management of an organization and ensuring that it operates in the best interests of its owners and/or the representative public. They are legally bound to act in good faith and with due care in fulfilling their duties, which includes monitoring organizational performance, setting strategic direction, and making key decisions. Strategic leaders (A) and executive teams (C) may support the board in these efforts but ultimately it is the board's responsibility. Investment advisers (D) and management committees (E) are not formally charged with this specific duty.

___ Are Formally Charged with Ensuring That an Organization Operates