Which of the Following Is NOT a Responsibility of the Board

question 20

Multiple Choice

Which of the following is NOT a responsibility of the board of directors?

• A)Monitor corporate strategy decisions and ensure that they are consistent with stockholder interests
• B)Apply sanctions on management when appropriate
• C)Hire, fire, and compensate the CEO
• D)Develop targets for divisional managers
• E)Make sure the audited fmancial statements present a true picture of the company's financial situation

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Definitions:

Chief Financial Officer

A senior executive responsible for managing the financial actions of a company, including financial planning and record-keeping.

Controller

A senior financial officer responsible for overseeing the accounting functions, financial reporting, and often budgetary planning within an organization.

Chief Financial Officer

A senior executive responsible for managing the financial actions of a company, including financial planning, risk management, and record-keeping.

Treasurer

A person responsible for managing the treasury of an organization, including its financial liquidity, investments, and risk management.