TRUE OR FALSE – THE BOARD’S ROLE IS TO EXECUTE THE STRATEGY
Question
TRUE OR FALSE – THE BOARD’S ROLE IS TO EXECUTE THE STRATEGY
Solution
FALSE - The role of the board is not to execute the strategy. Instead, the board's primary role is to oversee the company's management and ensure they are acting in the best interests of the shareholders. This includes approving the company's strategy and ensuring it aligns with the company's mission and goals. The execution of the strategy is typically the responsibility of the company's management team, led by the CEO. The board's role is to monitor the execution of the strategy, provide guidance, and hold the management accountable for the company's performance.
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