Multiple Choice
Which of the following statements is true about the board of directors?
A) The board members are directly elected by the employees of the company.
B) The board has no legal authority to hire, fire, and compensate the CEO.
C) Some of the board members hold positions on the boards of several companies.
D) The board has no power to nominate people for positions in the management.
E) Divisional and functional managers usually form the board.
Correct Answer:
Verified
Correct Answer:
Verified
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