Question

In: Finance

Which of the following is NOT a function of the board of​ directors? A. monitoring the...

Which of the following is NOT a function of the board of​ directors?

A.

monitoring the performance of the company

B.

determining how top executives should be compensated

C.

day−to−day

running of the company

D.

answering to shareholders of the company

Solutions

Expert Solution

First eliminate incorrect Options:

Option A is incorrect because it is responsibility of Director to monitor the performance of the company

Option B is also incorrect because compensation to top executives will be decided by the board

Option D is incorrect because board is responsible for the functioning of the comapny in which share holders are owners.so directors should answering to share holders of the company

Option C is correct answer

because Board of directors can not take part in day to day running of the company and it is the responsibility of Chief executive officer

jeff jeffy answered 2 years ago
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