Which of the following is true of corporate governance?
a.The board of directors is always directly implicated in wrongdoings.
b.The board of directors of a public corporation is expected to ensure that the business is being properly managed.
c.The board of directors of a private corporation is expected to ensure that senior management's decisions are in the interests of the stakeholders.
d.The board of directors gets broken up due to scandals.
Answer: b