Question

Boards of directors are considered:

a) Corporate outsiders
b) Irrelevant to the organization
c) Corporate insiders with substantial roles
d) Unimportant in decision-making

Answer 1

The board of directors are corporate insiders with significant roles in decision-making and corporate governance.

Step-by-step explanation:

The board of directors in an organization is considered corporate insiders with substantial roles. They are responsible for overseeing the company, making strategic decisions, and ensuring that it operates in the best interests of the shareholders. They are elected by the shareholders and represent their interests in the organization. However, it is important to note that the top executives of the company also have a strong influence on the selection of board members. This influence can sometimes lead to concerns about the independence and effectiveness of the board of directors. In summary, the board of directors are corporate insiders with significant roles in decision-making and corporate governance.