Examlex
Which of the following is NOT part of the role of the board of directors?
Total Liabilities
The sum of all financial obligations a company owes to outside parties.
Dividends Declared
An announcement by a company's board of directors of a dividend payment to shareholders, indicating the amount and payment date.
Dividends Payable
A liability on the balance sheet representing the amount of dividends that a company owes to its shareholders but has not yet paid.
Stock Splits
An action by a company to divide its existing shares into multiple shares to boost the liquidity of the shares.
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