What is the main responsibility of the Board of Directors?

Corporate Governance – Key Players

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Education
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University
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Medium
Bob Hehe
Used 33+ times
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Day-to-day operations
Financial auditing
Strategic oversight and monitoring
Customer service
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who are considered the actual owners of a corporation?
Board of Directors
Government
Shareholders
Creditors
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Senior Management is responsible for developing corporate governance laws.
True
False
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The principle of _________ means each share owned gives the right to one vote in shareholder decisions.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The principle of _________ means each share owned gives the right to one vote in shareholder decisions.
Equal value
One share, one vote
Proportional representation
Corporate independence
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a fiduciary duty of the Board of Directors?
Duty of care
Duty of loyalty
Duty of profitability
Duty to act in good faith
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Shareholders have the right to remove board members through legal action.
True
False
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