Role of the Board of Directors in Governance

Easy Corporate Governance Board Of Directors

In corporate governance, the role of the Board of Directors is crucial in overseeing management and ensuring that the firm acts in the best interests of its shareholders. One of the key responsibilities of the Board is to establish effective internal controls and monitor the firm's compliance with legal and ethical standards.

Which of the following statements best describes a primary function of the Board of Directors?

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

To provide strategic oversight and ensure accountability.

To handle the company’s public relations and marketing.

Hint

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