Which of the following is a major duty that state incorporation laws impose on boards of directors?
A. To exercise due diligence in supervising shareholders.
B. To represent the interests of stockholders by conducting a profitable business that enhances share value.
C. To make day-to-day management decisions.
D. To put their own self-interests ahead of the shareholders.
Answer: B. To represent the interests of stockholders by conducting a profitable business that enhances share value.
Business
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