Asked by Gabrielle D'Andrea on Jun 23, 2024
Verified
The board of directors usually includes some individuals who are not employed by the corporation.These people are referred to as _____.
A) priority directors
B) outside directors
C) stockholders
D) members of top management
Outside Directors
Board members who are not part of the company's executive team, providing independent oversight.
Board Of Directors
A group of individuals elected to represent shareholders and oversee the management and policy decisions of an organization.
Priority Directors
Directors within a corporation or board who are given precedence for specific tasks or decision-making processes.
- Understand the functions and duties of essential corporate governance bodies, including the board of directors and shareholders.
Verified Answer
Learning Objectives
- Understand the functions and duties of essential corporate governance bodies, including the board of directors and shareholders.
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