What is the primary responsibility of the Board of Directors in corporate governance?

Q: Answer-What is the primary responsibility of the Board of Directors in corporate governance?

Explanation The primary responsibility of the Board of Directors is to represent the interests of shareholders and ensure the long-term success and sustainability of the organization.

A Maximizing short-term profits Correct Incorrect

B Representing the interests of shareholders Correct Incorrect

C Ignoring the long-term success of the organization Correct Incorrect

D Avoiding strategic planning Correct Incorrect

Detailed Solution

Explanation: The primary responsibility of the Board of Directors is to represent the interests of shareholders and ensure the long-term success and sustainability of the organization.

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What is the primary responsibility of the Board of Directors in corporate governance?

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