Which of the following is NOT a function of the board of directors of a corporation?
A) The board appoints the chief executive officer to manage the company.
B) The board sets the level of compensation for the corporate officers who manage the company.
C) The board usually takes an active role in the daytoday management of the company.
D) The board ensures that the company adheres to major regulatory requirements.

Question

Which of the following is NOT a function of the board of directors of a corporation?
A) The board appoints the chief executive officer to manage the company.
B) The board sets the level of compensation for the corporate officers who manage the company.
C) The board usually takes an active role in the day­to­day management of the company.
D) The board ensures that the company adheres to major regulatory requirements.

Quizplus · Accepted Answer

The board of directors is responsible for overseeing and making major decisions for the company, but they typically do not take an active role in the day-to-day management. This is the responsibility of the appointed chief executive officer and other corporate officers. Therefore, choice C is not a function of the board of directors.

Which of the Following Is NOT a Function of the Board