Describe the major functions of the Board of Directors and recommend the best way the Board can effectively supervise senior management without interfering in the day-to-day running of the business entity (15 marks).

The following rules shall also apply:

1) 1.5 paragraph spacing

2) Times New Roman font

3) Headings on introduction and conclusion

4) At least 5 credible references

5) Cite credible examples in your work

6) At least 1,000 words