Asked by Brandon McMahon on Jun 30, 2024
Verified
If the board delegates to a committee its duty to select a new company president:
A) the members of that committee may be responsible individuals other than board members.
B) the committee must consist of board members and may be authorized unless otherwise provided by the articles of incorporation or bylaws.
C) the non-committee directors are relieved of liability for acts of the committee.
D) the committee may exercise all the authority of the board.
Committee Authority
The powers and responsibilities delegated to a group or committee, allowing them to make decisions or take actions on behalf of a larger organization or body.
Board Members
Individuals elected or appointed to oversee the activities and governance of an organization, typically making strategic decisions.
Articles of Incorporation
The legal documents filed with a state government to legally document the creation of a corporation.
- Understand the delegation of duties within the corporate structure and its legal boundaries.
Verified Answer
Learning Objectives
- Understand the delegation of duties within the corporate structure and its legal boundaries.
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