In a Public Company with Diffused Ownership,the Board of Directors

question 94

Multiple Choice

In a public company with diffused ownership,the board of directors is entrusted with

• A)monitoring the auditors and safeguarding the interests of shareholders.
• B)monitoring the shareholders and safeguarding the interests of management.
• C)monitoring the management and safeguarding the interests of shareholders.
• D)none of the options

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Definitions:

Sovereign Authority

The ultimate power or authority within a given territory, typically held by a state or monarch, over which no other power can exercise control.

Central Body

The main or primary governing agency or organization within a larger system that coordinates and regulates activities across the system.

Member States

Entities that have agreed to form a federation or union, each maintaining control over its internal affairs while ceding certain powers to a central authority for mutual benefit.

Continental Congress

A series of legislative gatherings in the late 18th century where leaders from the Thirteen Colonies discussed and made decisions crucial to the fight for independence from Britain.