With Respect to the Board of Directors of a Corporation

question 98

Multiple Choice

With respect to the board of directors of a corporation, which of the following is NOT correct?

• A) They manage the business and affairs of the corporation.
• B) They have the authority to delegate power to officers and agents.
• C) They must always obtain shareholder approval before deciding questions of operating policy.
• D) They are the shareholders' elected representatives.

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Definitions:

Legal Context

The framework of laws, regulations, and legal principles that govern activities, behaviors, and disputes in society.

Human Resource Management

The practice of recruiting, hiring, deploying, and managing an organization's employees.

Labour Management Relations

The dynamics and interactions between employers and employees, often focusing on negotiation, cooperation, and conflict resolution concerning work conditions.

Legislative Acts

Laws or statutes enacted by a governmental legislative body through its legislative process.