In which of the following areas does the board determine corporate policy?
A) Setting management compensation.
B) Determining the corporation's capital structure.
C) Selecting and removing officers.
D) Initiating fundamental changes and declaring dividends.
E) All of these are determined by the board.

Question

Quizplus · Accepted Answer

The board of directors is responsible for determining corporate policy in all the areas listed: setting management compensation, determining the corporation's capital structure, selecting and removing officers, and initiating fundamental changes and declaring dividends. These responsibilities are part of the board's role in overseeing the management and strategic direction of the company.

In Which of the Following Areas Does the Board Determine