Which term describes the board’s obligation to oversee management and hold it accountable for results?

• A. Fiduciary oversight
• B. Operational execution
• C. Strategic autonomy
• D. Duty of care

Answer: (A)

Fiduciary oversight is the board's obligation to supervise management and hold it accountable for results. Directors fulfill this duty by monitoring performance against strategic goals, reviewing financial and nonfinancial outcomes, and ensuring that internal controls and risk management are effective. This describes the governance function of watching over management and demanding accountability, rather than doing the work themselves. The duty of care is related as a standard of diligence directors must meet, but it doesn't by itself capture the ongoing oversight and accountability aspect. Operational execution is management’s domain, not the board’s, and strategic autonomy doesn’t describe the board’s governance role. So this term best fits the board’s overarching responsibility to oversee management and ensure results.