CMA Sri Lanka SL4 Corporate Governance & Ethics Exam Practice Questions - CMA Sri Lanka SL4 Corporate Governance & Ethics Exam

What is the main role of the Board of Directors in a corporate governance framework?

To manage the day-to-day operations of the company. To represent the interests of the employees and labor unions. To oversee the company's management, set strategic direction, and ensure accountability to shareholders. To solely focus on regulatory compliance and legal matters.

Correct Answer:

To oversee the company's management, set strategic direction, and ensure accountability to shareholders.

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