Question

The primary responsibility of the board of directors is to ___ . a. tell all the managers what to do b. oversee the affairs of the organization c. make daily operational decisions d. do tactical planning

Answer 1

Answer:

The correct answer is letter "B": oversee the affairs of the organization.

Explanation:

The Board of Directors is a group appointed or elected to represent shareholders at major companies. Every public company must have a Board of Directors. This Board establishes administrative policies including hiring and firing of executives, distribution of dividends, and executive compensation. A Board of directors has usually the ultimate say in the company's major decisions and must take responsibility for those decisions if they do not go as planned.