The board of directors of a corporation:Multiple ChoiceIs elected by the corporate registrar.Are responsible for day-to-day operations of the business.Does not have the power to bind the corporation to contracts, due to lack of mutual agency.May not also be executive officers of the corporation, due to the separate entity principle.Is responsible for overseeing corporate activities.

A corporation’s officers are appointed by the:Multiple Choiceboard of directorscompany presidentprimary stockholderstate in which the corporation operates

Multiple Choice QuestionHow are the members of a board of directors selected?Multiple choice question.They are elected by the stockholders of the corporation.They are appointed by the top management of the corporation.They are appointed by the shareholders with the most shares of stock.They are elected by non stock-holding employees.

For a company, corporate governance responsibilities ultimately rest with:Group of answer choicesindividual managers.the board of directors.the shareholders.the Australian Securities and Exchange Commission.

duties of company directors to the company

Which of the following are the duties of the board of directors? (Select all that apply.)Question 15Select one or more:a.Managing and executing the strategy of a companyb.Supervising middle and senior managementc.Evaluating the salary and benefits of senior managementd.Defining a company’s ongoing mission