EBK FOUNDATIONS OF FINANCIAL MANAGEMENT
17th Edition
ISBN: 9781260464900
Author: BLOCK
Publisher: MCGRAW-HILL LEARNING SOLN.(CC)
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Chapter 1, Problem 5DQ
Summary Introduction
To explain:The group that has the ultimate responsibility of securing shareholders’ interests.
Introduction:
Board of Directors:
The board of directors (BOD) refers to a group of people generally selected by the shareholders of the organization by the process of voting. The BOD has the sole objective of safeguarding shareholders’ interests and ensuring that the management operates effectively and efficiently. The head of the BOD is known as the chairperson.
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