Who is responsible for the organization being managed in the best interest of the corporation?
A) executives
B) corporate officers
C) board of directors
D) shareholders

Question

Quizplus · Accepted Answer

The board of directors is responsible for overseeing the organization and ensuring that it is managed in the best interest of the corporation. They have a fiduciary duty to act in the best interest of the company and its shareholders, and they are ultimately responsible for making strategic decisions and appointing key executives. While executives and corporate officers are responsible for implementing these decisions, they ultimately report to the board of directors. Shareholders have a stake in the company's success, but they do not have final decision-making authority.

Who Is Responsible for the Organization Being Managed in the Best