Which of the following is not a true statement concerning the role of the board of directors?
A) They represent the shareholders' interests.
B) They may hire and fire top management.
C) They establish executive compensation.
D) They are always independent.

Question

Quizplus · Accepted Answer

Although it is ideal for boards to be independent, it is not always the case. Some board members may have personal or professional relationships with top management, creating a potential conflict of interest.

Which of the Following Is Not a True Statement Concerning