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Erschienen in:
2012 | OriginalPaper | Buchkapitel
Boards of Directors
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Elected by shareholders, the board of directors in a stock corporation is the highest management authority. Its most critical duties are to select and compensate senior management, protect the assets of the corporation, and approve strategy—the company’s approach to marshaling and deploying resources to meet corporate objectives. Each of these duties leads to corporate actions that establish a company’s reputation among its various stakeholders.