Question

The board of directors is a group that has a ________ duty to ensure that the company is run consistently with ________ interests of the owners, or shareholders of a corporation and that acts as an ________ between the shareholders and management. 20) ______ Group of answer choices fiduciary; long-term; intermediary legal; short-term; intermediary formal; short-term; advisor sworn; long-term; advisor

Answer 1

Fiduciary , Long term interest ,intermediary legal

Step-by-step explanation:

As mentioned , definition of the board of directors can be summarized in their duties of fiduciary , long term interest of shareholders and legal intermediary between the share holders and the management.

The fiduciary duties requires the board of directors to act in the best interest of the organization and the shareholders. This demands his maximum loyalty and care. Moreover , the board of directors , even though it is a formal entity , but it has a legal status as an intermediary between the shareholders and the management