Briefly explain any five responsibilities that fall under the Board of Directors ( BOD ) over sight function
The board of directors are a group of people who represent shareholders and are involved with oversight of the management of the organization.
The functions and responsibilities of the board of directors differ based on the composition of the board and its relationship with the company management. Usually, the board is responsible for protecting shareholders’ interests, establishing management policies, oversight of the organization, and to take decisions about important issues facing the company.
The oversight function of corporate governance is performed by the board of directors through well-structured, planned, and assigned committees that take advantage of their expertise in specific areas.
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