When a Board Is Operating in the Fiduciary Mode, It

question 31

Multiple Choice

When a board is operating in the fiduciary mode, it is concerned with:

• A) the organization's long-term directions and goals.
• B) specific criteria for monitoring and evaluating the CEO's performance.
• C) matters such as stewardship of tangible assets, faithfulness to mission, performance accountably, and obedience to law.
• D) creative, out-of-the-box thinking in which visionary leaders often engage.

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Definitions:

Puritan Authorities

The leaders and officials within Puritan communities, especially in the 17th century, who enforced strict religious and social codes of conduct.

Massachusetts Bay Colony

A 17th-century British settlement in New England that became one of the early centers of the colony's government, trade, and religion.

Puritan Migrations

This term refers to the movement of English Puritans to North America, particularly to the Massachusetts Bay Colony, in the early 17th century to escape religious persecution.

Connecticut Valley

A major valley in the U.S. known for its fertile land, running through Connecticut and Massachusetts.