What is the function of a board of directors?

The function of a board of directors is primarily to oversee activities and make strategic decisions for the organization. This group of individuals is appointed to represent the shareholders' interests and is responsible for establishing policies, setting long-term goals, and ensuring that the company adheres to legal and ethical standards. Their strategic oversight includes monitoring the organization's performance, approving major budgets, and making decisions about significant investments or changes in direction.

The board's role is distinct from executing daily operations, which is the responsibility of management and staff. While training for employees and handling marketing strategies are vital functions within an organization, they fall under the purview of operational management rather than the strategic governance provided by the board of directors. Thus, the correct answer reflects the broader, higher-level responsibilities that the board fulfills to guide the organization's long-term success and sustainability.