The most important function of the board of directors is to hire the president or chief executive officer.Question 21Select one:a.Trueb.False

Which of the following are the duties of the board of directors? (Select all that apply.)Question 15Select one or more:a.Managing and executing the strategy of a companyb.Supervising middle and senior managementc.Evaluating the salary and benefits of senior managementd.Defining a company’s ongoing mission

The primary purpose of the board of directors is Blank______.Multiple choice question.managerial diversificationto offset information asymmetrygeneral strategic oversight and guidanceto ensure that individual work tasks are completed on time

The following which is not a key factor in the effectiveness of a board of directors is:Group of answer choicessubjectivity.competence.diversity.independence.

The board of directors of a corporation:Multiple ChoiceIs elected by the corporate registrar.Are responsible for day-to-day operations of the business.Does not have the power to bind the corporation to contracts, due to lack of mutual agency.May not also be executive officers of the corporation, due to the separate entity principle.Is responsible for overseeing corporate activities.

Functions of board 1. Oversight (Make straight plan for company)They are approving and making strategic and Annual plans, operational and capital budget.Engaging external auditorInsurance insuring integrity of annual reporting (Honesty) with honestyReview of major operational activity 2. DirectionalSetting companies vision statement, mission value statement etc.Appointment of Executive director CEO Planning for succession of senior executivesAppointment of various committees e.g. Audit, remuneration committee 3. AdvisoryGiving guidance and advices about upcoming technology and sharing ideas They provide specialized input in special areasTell this in straightforward way from beginning