Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / Which ONE of the following is the primary mission of a board of directors in a corporation? a
Which ONE of the following is the primary mission of a board of directors in a corporation?
| a. |
To ensure that top managers are acting in the best interests of the stockholders |
|
| b. |
To provide advice to the top managers of the company. |
|
| c. |
To protect top managers from shareholders pressures and defend them against criticism. |
|
| d. |
None of the answers are correct. |
|
| e. |
To protect society’s best interests. |
Answer:
| a. |
To ensure that top managers are acting in the best interests of the stockholders |
Explanation:
This is in line with the goal of financial management of 'maximization of shareholders' wealth'. So the interests of the stockholders is of prime importance.
