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.

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Which ONE of the following is the primary mission of a board of directors in a corporation? a

Finance Oct 27, 2020

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.

Expert Solution

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.

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