asked 186k views
1 vote
Which of the following is a duty of both corporate directors and corporate officers?

1) Ensuring compliance with laws and regulations
2) Maximizing shareholder value
3) Making strategic decisions for the company
4) Managing day-to-day operations

asked
User Jianpx
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8.8k points

1 Answer

4 votes

Final answer:

Ensuring compliance with laws and regulations, making strategic decisions, maximizing shareholder value, and managing day-to-day operations are duties of both corporate directors and officers.

Step-by-step explanation:

Both corporate directors and corporate officers have certain duties and responsibilities. One of these duties is ensuring compliance with laws and regulations. This means that both directors and officers must make sure that the company follows all applicable laws and regulations in its operations.

Another duty of both corporate directors and officers is making strategic decisions for the company. This involves setting long-term goals, developing plans, and making decisions that will help the company achieve success.

However, maximizing shareholder value is primarily the responsibility of the corporate directors. This means that the directors should act in the best interests of the shareholders and work to increase the value of the company's shares.

On the other hand, managing day-to-day operations is typically the responsibility of the corporate officers. This involves overseeing and directing the daily activities of the company.

answered
User Jatnna
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8.3k points
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