What Is a True Statement About the Board Members of a Corporation

Multiple Choice

What is a true statement about the board members of a corporation?

A) They are directly responsible for the daily operations of the firm.
B) They have dramatically increased company oversight since the passage of the Sarbanes-Oxley Act.
C) They have a duty of care and loyalty to oversee the management of the firm.
D) They are responsible for the short-term, but not the long-term, objectives of the corporation.
E) They are not responsible for management of the firm's funds.