Question

Vhich of the following is not a duty that is typically reserved for the board of directors of a corporation?
borrowing.
(A) Selection and removal of the chief executive officer.
(B) Determining executive compensation.
(C) Amending the articles of incorporation.
(D) Decisions regarding declaration of dividends.
43. Which of the following d

Answer 1

Answer:

Determining executive compensation.

Explanation:

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Answer 2

The correct option is (C) Amending the articles of incorporation.

• The amendment of articles of Incorporation is generally carried out by the shareholders.

• Changing the articles of incorporation may require mutual approval from all shareholders, depending on the state in which the company is incorporated.

• While the board of directors can select/remove the CEO. They can decide the compensation and also declare the dividends as per profits.