g what is the role of the board of directors in corporate governance? what responsibilities does the board of directors have?

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09-11-2022
Business

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g what is the role of the board of directors in corporate governance? what responsibilities does the board of directors have?

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rekharaypriti8910 rekharaypriti8910 · Answer 1 · 2022-11-13T23:52:28+01:00

The board of directors is responsible for protecting the interests of shareholders, setting management policy, overseeing the company or organization, and making decisions on important matters facing the company or organization.

The primary function of a public company board of directors elected by shareholders is to protect the interests of the shareholders. In fact, directors are required by law to put the interests of shareholders above their own. The board of directors plays a supervisory role, overseeing the company's activities and evaluating its performance. The primary responsibilities of board members are oversight and planning. Although there are differences, board members can delegate certain powers to the CEO or CFO in certain circumstances. Directors also regularly delegate certain of their duties to Board committees. Board committees serve as subgroups of the overall board.

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