Question

What is the role of the board of directors in corporate​ governance? ​(Select the best choice​ below.) A. The board of directors is the primary internal control mechanism and the first line of defense to prevent​ fraud, agency​ conflicts, and mismanagement. B. The board is empowered to hire and fire managers and set compensation contracts. C. ​Typically, a board of directors approves major investment decisions and acquisitions. D. All of the above are functions of a board of directors.

Answer 1

Answer:

Option b                        

Explanation:

In simple words, Most roles and obligations pertain to company boards. The committee will evaluate how it will influence its staff, clients, vendors, societies and investors in any choice it takes. Supervision and preparation are the principal function of the board members.

The Board's duties involve establishing strategic goals for the organization, providing guidance to execute them, overseeing business administration and communicating to stakeholders on their leadership. The operation of the board is subject to legislation , regulations as well as the investors at the annual assembly