Hubbard, Rice and Galvin assert that one of the key roles for the board is to:Question 10Select one:a.approve remuneration packages for all employeesb.conduct regular audits of all activitiesc.appoint and review the performance of the CEOd.analyse and implement major investment decisions

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

The _________ is responsible for the appointment of the CEO.a.SEBIb.MCAc.boardd.directors

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

As company gets bigger board members increase their dependence on executive for ______________.a.reduce employeesb.generating profitsc.monitoring and reportsd.reducing costs

Under the Companies Act 2013, who has the authority to determine the remuneration of key managerial personnel (KMP)?  A. The Chief Executive Officer (CEO)  B. The board of directors  C. Shareholders  D. The government regulatory body