What Is the Role of the Board of Directors in Corporate

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The Answer is One of the chief monitoring devices available to shareholders is the board of directors. All publicly held companies are required to have a board of directors. A board of directors is charged with overseeing the work of top executives. The legal roles of the board include hiring and firing top executives, monitoring management, ensuring that shareholders' interests are protected, establishing executive compensation, and reviewing and approving the firm's strategy. Informal roles played by boards include acting as conduits of information from external sources, providing leads for acquisition and alliance-partner candidates, influencing important external parties such as industry regulators and foreign government policy makers, and providing advice and counsel for the CEO and other top executives.
The general responsibility of the board of directors is to ensure that executives are acting in the shareholders' best interests.

What Is the Role of the Board of Directors in Corporate

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What Is the Role of the Board of Directors in Corporate

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