The Directors of a Company Are a Central Factor in Corporate

question 31

Multiple Choice

The directors of a company are a central factor in corporate governance because they:

• A) Exercise formal legal authority over company policy.
• B) Have the highest stake in the performance of the company.
• C) Have a moral responsibility to fulfill the needs of both the company's employees and customers.
• D) Inherited the business from their predecessors.

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Definitions:

Information Exchange

The sharing or transfer of data, information, or knowledge between individuals, organizations, or systems to facilitate communication or decision-making.

Management Information System

A computer system that stores and distributes information on how to successfully manage an organisation. It is usually regarded as a subset of the internal controls of a business.

Information Technology

Utilizing computers, storage solutions, networking components, and various physical resources, infrastructure, and procedures to generate, process, keep secure, and share every form of electronic data.

Daily Basis

A term referring to activities or tasks that occur every day as a part of a regular schedule or routine.