The _________ is responsible for the appointment of the CEO.a.SEBIb.MCAc.boardd.directors
Question
The _________ is responsible for the appointment of the CEO.
- a. SEBI
- b. MCA
- c. board
- d. directors
Solution
The correct answer is c. board of directors.
Explanation:
The board of directors is a group of individuals elected to represent shareholders and oversee the management of a company. Their primary responsibilities include appointing the CEO, setting broad company policies, and bearing the fiduciary responsibility for the company’s activities. The board operates by making high-level decisions and supervising the management team to ensure that the company is directed in a way that enhances shareholder value. While regulatory bodies like the Securities and Exchange Board of India (SEBI) and the Ministry of Corporate Affairs (MCA) provide frameworks and governance guidelines, it is ultimately the board of directors that holds the authority to appoint and remove the Chief Executive Officer (CEO) of the company.
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