Most board of directors have
A) ten members
B) an audit committee
C) a majority of management representation
D) union representatives

Question

Quizplus · Accepted Answer

A board of directors can have varying numbers of members, and there is no set rule for the ideal number. However, it is common for boards to have an audit committee, which is responsible for overseeing the company's financial reporting and internal controls. Option C is not necessarily true, as boards should strive for a mix of management and independent directors. Option D is also not necessarily true, as not all companies have union representatives on their boards.

Most Board of Directors Have