The Board of Directors' Paramount Duty Is

question 12

Multiple Choice

The Board of Directors' paramount duty is:

• A)To determine management's compensation
• B)To safeguard the interest of the company's stakeholders
• C)To safeguard the company's assets
• D)To formulate the company's strategy
• E)To safeguard the interest of the company's shareholders

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Definitions:

Lobbying Disclosure Act

A 1995 law requiring federal lobbyists to register with Congress and to disclose their clients, income, and expenditures regularly.

Lobbyist Register

An official record or list of individuals or organizations that engage in lobbying efforts, typically to influence political decisions or policy on behalf of specific interests.

Categories

Classifications or divisions of items, concepts, or entities based on shared characteristics or attributes.

Technology

The application of scientific knowledge for practical purposes, especially in industry, where it encompasses processes, designs, and tools.