The primary responsibility of the board of directors is to ensure that the company's assets are safeguarded and that managerial decisions and actions are made in a manner of maximizing shareholder wealth while protecting the interests of other stakeholders
- Chapter 4: Board of Directors' Roles and Responsibilities
- from Corporate Governance and Ethics
- Publisher: John Wiley & Sons
- Released: June 2008
Which amounts to saying that the main responsibility of the Board is to protect the value of the company.
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