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Corporate Governance and Board of Directors
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What is the primary role of a board of directors in a corporation?
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A
To set the company's strategic direction and oversee its implementation
💡 Explanation:
The board of directors is responsible for setting the company's strategic direction, overseeing its implementation, and ensuring the company's compliance with legal and regulatory requirements. The board does not manage the day-to-day operations of the company, which is the responsibility of the company's management team.