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Many state laws require a corporation to form a board of directors to represent shareholders and make decisions on their behalf. The board of directors is ultimately responsible for the company's business affairs and governance as stated in its governing documents, including the articles of incorporation, the bylaws, and shareholder agreements.
(a) The Sarbanes-Oxley (SOX) Act in a positive step towards promoting good corporate governance. Compare and contrast the Pre-SOX and Post-SOX frameworks for Board of Directors
(b) Explicitly discuss the main roles and responsibilities of the Board of Directors?
(c) Show the major fiduciary duties of the Board of Directors.
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