<Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> Typical duties of boards of directors include: </P> <Ul> <Li> governing the organization by establishing broad policies and setting out strategic objectives; </Li> <Li> selecting, appointing, supporting and reviewing the performance of the chief executive (of which the titles vary from organization to organization; the chief executive may be titled chief executive officer, president or executive director); </Li> <Li> terminating the chief executive; </Li> <Li> ensuring the availability of adequate financial resources; </Li> <Li> approving annual budgets; </Li> <Li> accounting to the stakeholders for the organization's performance; </Li> <Li> setting the salaries, compensation and benefits of senior management; </Li> </Ul> <Li> governing the organization by establishing broad policies and setting out strategic objectives; </Li>

What is the function of the board of directors in a corporation
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