Asked by Pratik Sanyal on Jun 22, 2024
Verified
The board of directors conducts business by holding formal meetings with recorded minutes.
Board Of Directors
A group of individuals elected by shareholders to oversee the management and make strategic decisions for a corporation.
Formal Meetings
Formal meetings are planned gatherings with a set agenda, where members of an organization come together to discuss and make decisions on various topics in a structured manner.
- Comprehend the purpose and structure of a company's board of directors, including how they are appointed and their obligations.
Verified Answer
NP
Nishu PatelJun 23, 2024
Final Answer :
True
Explanation :
The board of directors conducts formal meetings to discuss and make decisions on the organization's affairs, and these meetings are documented through recorded minutes to ensure accountability and transparency.
Learning Objectives
- Comprehend the purpose and structure of a company's board of directors, including how they are appointed and their obligations.
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