One of the Primary Roles of the Board of Directors

question 43

Essay

One of the primary roles of the board of directors in corporate America is to create a system of checks and balances in an organization through its authority to hire and monitor management and evaluate their plans and decisions and the outcomes of their actions. The audit committee is one of their tools. Discuss three issues the audit committee oversees and explain them.

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Definitions:

Stinging Cell

A Stinging Cell, or cnidocyte, is a specialized cell found in the tentacles of jellyfish and other cnidarians used for prey capture and defense by discharging a toxic substance.

Radula

A unique, toothed structure found in mollusks, used for scraping or cutting food before ingestion.

Phylum Platyhelminthes

A group of invertebrates known as flatworms, characterized by their flat bodies, bilateral symmetry, and lack of body cavity.

Annelids

A phylum of segmented worms that includes earthworms, leeches, and their relatives, characterized by their segmented body structure.