what does a board of directors do?

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what does a board of directors do?

2006-12-20 13:53:23 · 2 answers · asked by new age racer kid aka cop killa 1 in Business & Finance ➔ Corporations

2 answers

Usually make a large sum of money

2006-12-20 13:56:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋

A board of directors in a corporation represents the stock holders and makes sure that profits of the company are maximized for the shareholders. It also advises the president and officers of the company and monitors their effectiveness. If they are not effective or are doing wrong a board of directors fires corporate officers. They also set salaries, policies, and make sure the corporation runs smoothly.

2006-12-20 13:58:18 · answer #2 · answered by stick man 6 · 0⤊ 0⤋