In the strategy$-$making, strategy$-$executing process, effective corporate governance requires a company's board of directors to:

Question $5$Select one:

a$.$

play the lead role in forming the company's strategy and then directly supervising the efforts and actions of senior executives in implementing and executing the strategy.

b$.$

provide guidance and counsel to the CEO in carrying out his$/$her duties as chief strategist and chief strategy implementer.

c$.$

oversee the company's strategic direction, evaluate the caliber of senior executives' skills, handle executive compensation, and oversee financial reporting practices.

d$.$

work closely with the CEO, senior executives, and the strategic planning staff to develop a strategic plan for the company and then oversee how well the CEO and senior executives carry out the board's directives in implementing and executing the strategic plan.

e$.$

review and approve the company's business model and also review and approve the proposals and recommendations of the CEO as to how to execute the business model.