Who has the ultimate responsibility of implementing the organization’s governance system?
A.
Stakeholders
B.
The board
C.
The chief executive officer
D.
Internal auditors
The Answer Is:
B
This question includes an explanation.
Explanation:
The board of directors has the ultimate responsibility for implementing the organization’s governance system. This includes overseeing the strategic direction and accountability mechanisms that align with good governance practices. The board ensures that governance structures and principles are clearly defined and effectively implemented, providing oversight to management activities. References: Corporate governance principles and guidelines, which often highlight the role of the board in setting and maintaining effective governance systems.
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