Question

Genève is a member of the board of directors and the chief financial officer of the corporation. Under the duty of care that she owes that corporation, she does NOT need to:

a. attend board meetings and oversee the corporation's employees and other officers.
b. attend presentations and make a careful study of business choices before making decisions.
c. oversee every aspect of the business, including such things as ordering merchandise and arranging for janitorial services.

Answer 1

The correct answer is c."oversee every aspect of the business, including such things as ordering merchandise and arranging for janitorial services."

Explanation:

The chief financial officer is the person in charge of the financial administration of the organization, their tasks are focused on planning, implementing and analyzing the financial information of the company. Therefore, a chief financial officer like Genevieve does not get involved in activities such as ordering merchandise and arranging for janitorial services.