In the Strategy-Making, Strategy-Executing Process, Effective Corporate Governance Requires a Company's

question 110

Multiple Choice

In the strategy-making, strategy-executing process, effective corporate governance requires a company's board of directors to

• A) play the lead role in forming the company's strategy and then directly supervising the efforts and actions of senior executives in implementing and executing the strategy.
• B) provide guidance and counsel to the CEO in carrying out his/her duties as chief strategist and chief strategy implementer.
• C) oversee the company's strategic direction, evaluate the caliber of senior executives' skills, handle executive compensation, and oversee financial reporting practices.
• D) work closely with the CEO, senior executives, and the strategic planning staff to develop a strategic plan for the company and then oversee how well the CEO and senior executives carry out the board's directives in implementing and executing the strategic plan.
• E) review and approve the company's business model and also review and approve the proposals and recommendations of the CEO as to how to execute the business model.

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Definitions:

Muscles

Tissue in the body composed of fibers that contract to produce movement or maintain posture.

Glands

Organs in the body that secrete hormones or other substances directly into the blood or onto a surface.

Protein Synthesis

The process by which cells build proteins using instructions encoded in genes, involving transcription and translation stages.

Sensory Input

Information gathered by the sensory organs that is then sent to the brain for processing.