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What is the role of a board of directors in corporate governance?
What is the role of a board of directors in corporate governance?
- Executing day-to-day operations of the organization
- Ensuring compliance with tax regulations
- Setting policies for corporate management and oversight (correct)
- Acting as shareholders' representatives in legal matters
- Overseeing marketing and advertising strategies
How are the powers and responsibilities of a board of directors determined?
How are the powers and responsibilities of a board of directors determined?
- By the number of shareholders in the organization
- By the board's tenure within the organization
- By the organization's financial performance
- By the CEO's personal preferences
- By jurisdiction's corporate governance regulations and the organization's own constitution and by-laws (correct)
What is the main function of a board of directors in relation to shareholders?
What is the main function of a board of directors in relation to shareholders?
- Exercising control over shareholders' personal investments
- Limiting shareholders' rights in decision-making
- Ignoring shareholders' concerns
- Representing shareholders' interests (correct)
- Maximizing short-term profits for shareholders
What is the purpose of a board of directors' regular meetings?
What is the purpose of a board of directors' regular meetings?
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What is the significance of the board of directors' role in corporate governance?
What is the significance of the board of directors' role in corporate governance?
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