Which of the Following Is a Specific Governance Responsibility of the Board

question 97

Multiple Choice

Which of the following is a specific governance responsibility of the Board of Directors of a public corporation?

• A) Managing and reviewing operations.
• B) Approving corporate strategy.
• C) Implementing effective internal controls.
• D) Selecting the external audit firm.

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Definitions:

Stakeholders

Individuals or groups that have an interest, concern, or stake in an organization, project, or outcome and can affect or be affected by its actions.

Work-Related State

Refers to the condition or situation that pertains directly to the work environment or job tasks.

Psychological Capital

An individual's positive psychological state, characterized by self-efficacy, optimism, hope, and resilience, which can affect their work attitude and performance.

Older Canadians

A demographic group in Canada comprised of individuals typically aged 65 and over.