Question

which one of the following statements is true? a. an inside director is a board member who also holds a managerial position in the company. b. since outside directors have no other connection with the firm, they are indebted to the ceo for putting them on the board. c. company sponsorship of a local charity is an example of a nonpecuniary benefit. d. inside directors are more concerned with shareholders' interests since they are more closely concerned with firm operations.

Answer 1

Option (A) an inside director is a board member who also holds a managerial position in the company.

What it means to be board member?

A board member is a member of the company's board of directors, which serves as the governing body of the organization. The board of directors, often elected by the company's shareholders, creates policy for the company as a whole and oversees leadership positions in the organization. They lead, advise and run the organization.

What do board members absolutely do?

Generally, the board members of directors sets general policies and makes important decisions as a fiduciary on behalf of the company and its shareholders. Topics within the Board's jurisdiction include mergers and acquisitions, dividends and major investments, executive hiring and firing and compensation.

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