The obligations of an investor-owned company's board of directors in the strategy-making, strategy-executing process include

A.coming up with compelling strategy proposals of their own to debate against those put forward by top management.

B.overseeing the company's financial accounting and financial reporting practices and evaluating the caliber of senior executives' strategy-making/strategy-executing skills.

C.taking the lead in developing the company's business model and strategic vision. taking the lead in formulating the company's strategic plan but then delegating the task of implementing and executing the strategic plan to the company's CEO and other senior executives.

D.approving the company's operating strategies, functional-area strategies, business strategy, and overall corporate strategy.