What decisions is the board of directors typically responsible for in a corporation?

The board of directors in a corporation plays a crucial role in governance and strategic decision-making. One of their primary responsibilities is to elect officers, such as the CEO, who manage the day-to-day operations of the company. By selecting the officers, the board ensures that competent individuals are in leadership positions to implement the corporation's strategy.

In addition to appointing officers, the board of directors is tasked with making significant corporate policy decisions. This includes establishing the company's mission, values, and long-term goals, as well as setting guidelines and frameworks that shape the operational activities of the organization. This strategic direction is essential for the company's success and sustainability.

Other options, such as managing employee relations, overseeing financial transactions, or conducting marketing strategies, typically fall under the purview of the company's management or specific departments rather than the board itself. The board’s primary role is to oversee and guide these functions rather than manage them directly.