A firm’s board of directors has a variety of tools at its disposal to

A firm’s board of directors has a variety of tools at its disposal to control management’s activities, including all of the following EXCEPT:

a. Controlling the firm’s capital structure.
b. Requiring board approval of major capital expenditures, acquisitions, divestitures, security offerings, etc.
c. requiring board approval of all mergers and acquisitions.
d. hiring outside consultants to scrutinize major projects.
e. firing the CEO.
f. ALL OF THE ABOVE ARE TOOLS AVAILABLE TO THE BOARD.

ANSWER

F