The Delegation of Authority to a Committee Does Not, by Itself

question 2

True/False

The delegation of authority to a committee does not, by itself, relieve a director from the duty to exercise due care.

---

Definitions:

Accountant

A professional who manages, audits, and prepares financial records and ensures compliance with legal and regulatory requirements.

Dissolution

The process of formally ending or dissolving an entity or agreement, such as a corporation, partnership, or marriage.

Paralegal

A trained legal assistant who performs various legal tasks under the supervision of an attorney.

Corporate Securities

Financial instruments such as stocks and bonds issued by corporations to raise capital.