Question

On an organization's board of directors, Multiple Choice inside directors must work for the organization and outside directors are paid members of the organization. inside directors are supposed to be elected from outside the organization and outside directors may be members of the firm. inside directors are always retired executives and outside directors typically are employees. inside directors must work for the company and outside directors are also members of the firm. inside directors may be members of the firm and outside directors are supposed to be elected from outside the firm.

Answer 1

Answer:

Inside directors may be members of the firm and outside directors are supposed to be elected from outside the firm.

Explanation:

A board of directors in most corporations consists of inside directors and outside directors. Inside directors are usually the members of the firm and have direct access to the company's operating. CEO, CFO and CIO are typical examples of inside directors. On the other hand, outside directors are not employees of the firm, nor stakeholders. They have unbiased opinions in board meetings.