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.

---

Definitions:

Emotional Reactions

Responses that involve emotional components, such as feeling happy, sad, angry, or afraid in reaction to stimuli.

Phineas Gage

A case study in neuroscience about a man who survived a severe brain injury in the 19th century, providing insights into the relationship between brain function and personality.

Personality

A complex pattern of characteristics, traits, and behaviors that distinguishes one individual from another and affects how they interact with the world.

Behavior

The actions or reactions of an object or organism, often in relation to its environment.