Essential Duty of the Board of Directors

Very Easy Corporate Governance Board Of Directors

In corporate governance, the Board of Directors plays a crucial role in guiding and overseeing the management of a company. One key responsibility of the Board is to ensure that the company adheres to ethical standards and fulfills its obligations to shareholders. Which of the following statements best describes an essential duty of the Board of Directors?

To manage day-to-day operations of the company.

To oversee the management and act in the best interests of stakeholders.

To create and implement marketing strategies for the company.

Hint

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