Which of following manages a public corporation?
GOVERNMENT
WAEC 2012
Which of following manages a public corporation?
- A. Chambers of Commerce
- B. Board of Directors
- C. An Accountant-General
- D. An Auditor-General
Correct Answer: B. Board of Directors
Explanation
A board of directors is a group of people who jointly supervise the activities of an organization, which can be either a for-profit business, nonprofit organization, or a government agency. Such a board's powers, duties, and responsibilities are determined by government regulations (including the jurisdiction's corporations law) and the organization's own constitution and bylaws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet.
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