Every Corporation Should Have a Strong Independent Board of Directors

question 99

Multiple Choice

Every corporation should have a strong independent board of directors that does all of the following EXCEPT

• A) is well informed about the company's performance and exercises its fiduciary duty to protect shareholders responsibly.
• B) guides management in choosing a strategic direction and makes independent judgments about the validity and wisdom of management's proposed strategic actions.
• C) evaluates the leadership skills of the CEO and other senior executives.
• D) has the courage to curb management actions deemed inappropriate or unduly risky.
• E) is responsible for leading the strategy-making, strategy-executing process.

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Definitions:

Hominoids

A term that refers to the group of primates that includes all great apes and humans, characterized by a larger brain and more complex behaviors compared to other primates.

Oligocene

A geologic epoch of the Paleogene Period, occurring about 33.9 to 23 million years ago, noted for major changes in mammalian evolution.

Eocene

The Eocene is a geological epoch that lasted from about 56 to 33.9 million years ago, during which warm climates prevailed and early mammals diversified following the extinction of the dinosaurs.

Continental Drift

The theory that the Earth's continents have moved over geological time relative to each other, thus appearing to have "drifted" across the ocean bed.