Which of the Following Is True of the Board of Directors

Multiple Choice

Which of the following is true of the board of directors in a public stock company?

A) Votes at shareholder meetings determine whose representatives are appointed to the board of directors.
B) Because shareholders generally have uniform interests, the composition of the board is generally a unanimous decision.
C) The board of directors acts as a facilitator to convey interests of the stockholders to the management without any real authority.
D) The functions of the board of directors are limited to ensuring the hiring and firing of CEOs.