While of the following is FALSE about the board of directors (BOD) of a firm:
A) are unbiased individuals that help with high-end decisions within the firm.
B) represent the owners of the corporation.
C) make frequent operating decisions.
D) are elected by the shareholders.

Question

Quizplus · Accepted Answer

The board of directors generally do not make frequent operating decisions, which is the responsibility of the executive management team. The board provides strategic guidance and oversight to the management team and represents the interests of the shareholders.

While of the Following Is FALSE About the Board of Directors