One of the Key Roles of the Board of Directors

question 49

True/False

One of the key roles of the board of directors is to replace management when necessary.

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Definitions:

External Environment

Factors outside of an organization that can affect its performance, including economic, social, technological, and political conditions.

Environmental Impact

The effect or influence of human activities on the natural environment, including changes to ecosystems, biodiversity, and climate.

Increasing Uncertainty

The situation in which the amount of unpredictability in the environment or the future outcomes of decisions is rising.

Managerial Experience

The accumulation of knowledge, skills, and expertise that an individual has acquired through holding managerial positions over time.