According to a companies Corporate Governance Manual, which of the SPECIFIC RESPONSIBILITIES OF THE BOARD would...
According to a companies Corporate Governance Manual, which of the SPECIFIC RESPONSIBILITIES OF THE BOARD would best relate to the decision to purchase a new boat
Homework Answers
Board members have various responsibilities such as determining the mission and vision of the organization, organizational planning, determining the capital structure and management of Financial Resources. Purchasing the boat is a capital expenditure and hence this relates to the responsibility of the board of directors to monitor capital expenses.
Hence the specific responsibility in this scenario is
Monitoring capital expenditures
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According to a companies Corporate Governance Manual, which of
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