The Requirements of a Board of Directors Vary Significantly by Country

question 30

Multiple Choice

The requirements of a board of directors vary significantly by country and by state; however,there is a developing consensus as to what the major responsibilities should be.Which of the following is not one of the responsibilities?

• A) effective board leadership including the processes, makeup and output of the board
• B) strategy of the organization
• C) risk vs. initiative and the overall risk profile of the organization
• D) becoming directly involved in managerial decisions
• E) sustainability

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Definitions:

Competition

The rivalry between companies or individuals for market share, recognition, or financial gain.

Early-stage Financing

Capital provided to startups and young companies to fund initial operations, product development, and market research, often in exchange for equity.

Entrepreneurs

Individuals who take the risk of starting and managing a business venture to capitalize on innovative ideas or products.

Business Concept

An idea for a business that includes basic information on the product, service, target market, and competition.