the directors are acquiring enough resources for the operations of organization, selection of CEO, etc. (Ferris & Yan, 2007). Boards of Directors defined ethical code of the conduct in the organizations, which comprises integral practices, public disclosures, compliance with the legal rules and regulations, etc. In the public corporations the responsibilities of the directors are more critical in comparison to closely held corporations. The board of directors should be held liable for any type of fraud…
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