The board of directors in an organization
A) plays a significant role in corporate governance.
B) is responsible for the implementation of the organization's operating activities.
C) serves in the role of executive management.
D) is not an important part of the organization's strategic development.
E) None of the answer choices is correct.

Question

Quizplus · Accepted Answer

The board of directors is responsible for overseeing and ensuring the organization's compliance with legal and ethical standards, appointing and evaluating executive leadership, developing and approving the organization's strategy, and making decisions on major financial transactions. Therefore, they play a significant role in corporate governance. Option B and C are not correct as the responsibility of implementing operating activities and serving in the role of executive management lies with the executive leadership team. Option D is not correct as the board of directors is an essential part of an organization's strategic development.

The Board of Directors in an Organization