The concept of stewardship means that a company’s directors________________?
AAre responsible for ensuring that the company pays its tax by the due date
BSafeguard the company’s assets and manage them on behalf of the shareholders
CReport suspected fraud and money laundering to the authorities
DAre responsible for ensuring that the company complies with the law
Correct answer
B. Safeguard the company’s assets and manage them on behalf of the shareholders
Explanation
Safeguard the company’s assets and manage them on behalf of the shareholders is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.