All of the following are duties of the board of directors of a corporation EXCEPT _____.
A) guaranteeing the payment of cash dividends every year
B) electing its own officers
C) hiring the corporation's chief executive officer
D) authorizing major transactions of the corporation

Question

Quizplus · Accepted Answer

The board of directors does not have a duty to guarantee the payment of cash dividends every year. While they may declare dividends, it is not a guarantee or obligation.

All of the Following Are Duties of the Board of Directors