•Identify the difference between decision management and decision control.
•Understand the role of the board of directors.
•Understand that the board of directors is ultimately responsible for the business and its affairs.
•Provide an overview of what the oversight function entails.
•Identify and explain the fiduciary duties of the board of directors.
•Gain awareness of the variety of board models.
•Identify the board attributes that affect the quality of monitoring and oversight.