Question

The board of directors is responsible for all of the following EXCEPT: 1) declaring and paying...

The board of directors is responsible for all of the following EXCEPT:
1) declaring and paying a corporate dividend to shareholders.
2) electing new directors to replace directors who resign.
3) appointing and removing corporate officers.
4) determining employee compensation, especially bonus and incentive plans.
authorizing major new decisions such as a new plant or factory or entry into
5)
a new foreign market.

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Answer #1

The Board of directors is responsible for all the Options 1, 2, 3, 4,

Except option 5, A new foreign market , the directors are not responsible for the foreign market.

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