The board determines corporate policy in a number of areas, including:

A) selecting and removing officers.
B) determining the corporation's capital structure.
C) initiating fundamental changes.
D) declaring dividends.
E) All of these.

Corporate Policy

Guidelines and rules that govern how a corporation operates, including its principles, objectives, and procedures designed to achieve its goals.

Capital Structure

The mix of various forms of financing used by a firm to fund its overall operations and growth, including debt, equity, and any other financing sources.