1 Which of the following statements regarding the board of directors is false? 1 2 3 4 To ensure proper in-depth understanding of the operations of the organization, the board of directors should be comprised primarily of company officers. The board of directors is responsible for providing oversight with regard to the system of internal control. The board of directors is responsible for selecting, evaluating, and setting compensation for the chief executive officer. The board of directors defines, maintains, and periodically evaluates the skills and expertise needed among its members