Which of the Following Is True About Boards of Directors

Multiple Choice

Which of the following is true about boards of directors?

A) They can be characterized as either inside or outside boards.
B) Board members necessarily need to own stock.
C) They cannot participate in the day-to-day operations of the organization.
D) The role the board plays as an entity should be different for inside boards and outside boards.
E) Those who do not hold management positions in the organization cannot be members of boards.