Asked by
Robyn Pretorius
on Dec 20, 2024
Verified
The board of directors of a corporation:
A) determines the capital structure and financial policy of the corporation.
B) receives no salaries for services, although directors may receive a fee for attending board meetings.
C) has the power to bind the corporation when acting as a unit or individually.
D) All of these are correct.
Capital Structure
The mix of various forms of external funds and equity that a firm uses to finance its operations and growth.
Board of Directors
A group of individuals elected by shareholders to oversee the management and make key policy and decision-making for a corporation.
- Comprehend the framework of corporate governance, encompassing the functions of the board of directors and the audit committee.
Verified Answer
KM
Learning Objectives
- Comprehend the framework of corporate governance, encompassing the functions of the board of directors and the audit committee.
Related questions
Directors May Vote by Proxy When They Are Not Able ...
The Quorum-Or Minimum Number of Directors Necessary to Conduct Business-Is ...
________ Elect the ________,Who Take Whatever Actions Are Appropriate and ...
Luciana Is a Chief Financial Officer in a Large Corporation ...
Isabella Owns 100 _____ Stock of NxtGen Solutions,a Software Firm ...