Which of the following is the primary mission of a board of directors in a publicly traded firm? Select one: a

Which of the following is the primary mission of a board of directors in a publicly traded firm?
Select one:
a. To protect incumbent managers from stockholder pressures and defend them against criticism.
b. To provide advice and counsel to the top managers of the firm
c. To ensure that top managers are acting in the best interests of the stockholders
d. To protect society’s best interests e. None of the above

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The objective in corporate finance is to maximize firm value. In practice, this is often narrowed down to maximizing the stock prices, for publicly traded firms. For the two objectives to be equivalent, which of the following assumptions do you need to make?
Select one:
a. Bondholders/ Lenders interests are fully protected
b. Information about the firm is provided both timely and unbiased.
c. Financial markets are efficient and rational
d. All of the above
e. None of the above