In corporate governance, which group is primarily responsible for safeguarding corporate assets and providing oversight?

• A. Shareholders
• B. Board of Directors
• C. Management
• D. Regulators

Answer: (B)

Safeguarding assets and providing oversight in corporate governance rests with the board of directors. They hold fiduciary duties to protect the company’s resources, ensure reliable financial reporting, and maintain effective internal controls and risk management. The board supervises management, approves strategy and major transactions, and appoints or oversees the CEO, making sure assets are safeguarded through governance processes, independent audits, and policy compliance. While shareholders influence governance by electing directors, they don’t run day-to-day operations. Management handles daily operations and resource use, and regulators set external rules, but the primary guardianship and oversight of corporate assets come from the board’s governance role.