the board of directors is the highest ranking body in a corporation, and the chairman of the board is the…

the board of directors is the highest ranking body in a corporation, and the chairman of the board is the highest ranking individual. the ceo generally works under the board and its chairman, and the board generally has the authority to remove the ceo under certain conditions. the ceo, however, cannot remove the board, but he or she can endeavor to have the board voted out and a new board voted in should a conflict arise. it is possible for a person to simultaneously serve as ceo and chairman of the board, though many corporate control experts believe it is bad to vest both offices in the same person.\n\no true\no false

the board of directors is the highest ranking body in a corporation, and the chairman of the board is the highest ranking individual. the ceo generally works under the board and its chairman, and the board generally has the authority to remove the ceo under certain conditions. the ceo, however, cannot remove the board, but he or she can endeavor to have the board voted out and a new board voted in should a conflict arise. it is possible for a person to simultaneously serve as ceo and chairman of the board, though many corporate control experts believe it is bad to vest both offices in the same person.\n\no true\no false

Answer

Brief Explanations:

The text accurately describes that the board of directors is the highest - ranking body in a corporation with the chairman as the highest - ranking individual. It also correctly states the power dynamics between the board and the CEO, including the board's ability to remove the CEO under certain conditions, the CEO's inability to directly remove the board but ability to influence a board change in case of conflict, and the possibility of one person holding both CEO and board chairman positions despite expert concerns.

Answer:

True