BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The board of directors is elected by the shareholders of a corporation to oversee and govern the management and to make corporate decisions on their behalf. As a result, the board is directly responsible for protecting and managing shareholders’ interests in the company.

Detailed explanation-2: -The board acts on behalf of the shareholder make overall policy decisions and provide oversight. The board has a fiduciary duty with respect to the shareholders; that is, the board has financial and other responsibilities to keep the corporation running efficiently so the shareholders don’t lose money.

Detailed explanation-3: -Functions of a Board of Directors The board is responsible for protecting shareholders’ interests, establishing management policies, overseeing the corporation or organization, and making decisions about important issues. The board of directors acts as a fiduciary for shareholders.

Detailed explanation-4: -In general, the board sets broad policies and makes important decisions as a fiduciary on behalf of the company and its shareholders. Issues that fall under a board’s purview include mergers and acquisitions, dividends and major investments, as well as the hiring and firing of senior executives and their compensation.

Detailed explanation-5: -The Board of Directors focuses on four key areas: by establishing vision, mission and values; by setting strategy and structure; by delegating authority and responsibility to management; and, by exercising accountability to shareholders and be responsible to relevant stakeholders.