Which of the following is a specific governance responsibility of the Board of Directors of a public corporation?
A) Managing and reviewing operations.
B) Approving corporate strategy.
C) Implementing effective internal controls.
D) Selecting the external audit firm.

Question

Quizplus · Accepted Answer

The Board of Directors of a public corporation is responsible for approving and overseeing the corporate strategy. Option A is a management responsibility, option C is a responsibility of management and the Board, and option D is a responsibility of the audit committee of the Board.

Which of the Following Is a Specific Governance Responsibility of the Board