The board of directors is the most important decision-making body in a corporation. The board is tasked with providing entrepreneurial leadership within a framework of prudent and effective controls, which enables risk to be assessed and managed. In order to ensure effective corporate governance, every company should be controlled by an effective board, which is collectively responsible for the long-term success of the company.

1) Do you agree with the statement?
2) What are the primary roles of boards and board sub-committees?
3) What is the relationship between board quality and firm monitoring, and board diversity and firm performance?

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