The board of directors overseeing an organization is responsible for
A) Selecting the CEO.
B) Determining the firm's strategic direction.
C) Ensuring ethical and legal conduct.
D) Reviewing financial performance.
E) All of these.

Question

Quizplus · Accepted Answer

The board, led by the chairperson, makes major decisions affecting the organization, subject to corporate charter and bylaw provisions. Boards select, assess, reward, and perhaps replace the CEO; determine the firm's strategic direction and review financial performance; and ensure ethical, socially responsible, and legal conduct.

The Board of Directors Overseeing an Organization Is Responsible for