Asked by Tabibur Rahman on Jun 30, 2024
Verified
As the shareholders' elected representatives, the board of directors are delegated the power to direct the business of the corporation.
Board of Directors
A group of individuals elected to represent shareholders and make governing decisions on behalf of a corporation.
- Acquire knowledge of the organizational structures within corporate governance, focusing on the responsibilities of the board of directors and the audit committee.
Verified Answer
ZK
Zybrea KnightJul 03, 2024
Final Answer :
True
Explanation :
The board of directors is elected by the shareholders to oversee and direct the affairs of the corporation, making strategic decisions and ensuring the company's goals are met.
Learning Objectives
- Acquire knowledge of the organizational structures within corporate governance, focusing on the responsibilities of the board of directors and the audit committee.
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