Question
Directors are legally responsible for the management of the corporation. Which of the following is false regarding the management of the corporation? a.Although directors and
Directors are legally responsible for the management of the corporation. Which of the following isfalseregarding the management of the corporation?
a.Although directors and officers may have the same type of general obligations to the corporation, officers may be held to a higher standard than the directors.
b.A CEO may assign the day-to-day operation of the corporation to the officers of the corporation.
c.Generally the officers are in a fiduciary relationship with the corporation.
d.Officers of the corporation may include the treasurer, the president, and the secretary.e.A director may avoid liability flowing from his or her responsibility to the corporation by appointing a CEO to run the corporation.
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