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
Question
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
Solution
The duties of the board of directors typically include:
a. Managing and executing the strategy of a company - This is not typically a duty of the board of directors. The board usually oversees the strategy, but the execution is often left to the company's management.
b. Supervising middle and senior management - This is a duty of the board of directors. They are responsible for overseeing the company's management to ensure they are acting in the best interests of the shareholders.
c. Evaluating the salary and benefits of senior management - This is also a duty of the board of directors. They often have a compensation committee that determines the salary and benefits of the company's top executives.
d. Defining a company’s ongoing mission - This is typically a duty of the board of directors. They are responsible for setting the company's strategic direction, which includes defining its mission.
So, the correct answers are b, c, and d.
Similar Questions
Which of the following duties may be assigned to the board?a.Preparing and circulating board papers for meetings.b.Advising on matters of corporate governance.c.Assisting with the evaluation of the board and its committees.d.Keeping board and committee charters up to date
The most important function of the board of directors is to hire the president or chief executive officer.Question 21Select one:a.Trueb.False
The primary purpose of the board of directors is Blank______.Multiple choice question.managerial diversificationto offset information asymmetrygeneral strategic oversight and guidanceto ensure that individual work tasks are completed on time
duties of company directors to the company
Functions of board 1. Oversight (Make straight plan for company)They are approving and making strategic and Annual plans, operational and capital budget.Engaging external auditorInsurance insuring integrity of annual reporting (Honesty) with honestyReview of major operational activity 2. DirectionalSetting companies vision statement, mission value statement etc.Appointment of Executive director CEO Planning for succession of senior executivesAppointment of various committees e.g. Audit, remuneration committee 3. AdvisoryGiving guidance and advices about upcoming technology and sharing ideas They provide specialized input in special areasTell this in straightforward way from beginning
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.