What is the main role of the Board of Directors in a corporation?

The primary role of the Board of Directors in a corporation is to represent the interests of the stockholders and to set the overall management policies of the company. This includes making critical decisions regarding the company’s strategic direction, overseeing the executive management team, and ensuring that the corporation operates in the best interests of its shareholders. The Board plays a vital role in governance, accountability, and risk management, ensuring that the organization's goals align with the expectations and needs of its investors.

While the other options touch on important aspects of corporate operations, they do not encompass the broad and decisive responsibilities that the Board of Directors holds in guiding the corporation's overall governance and strategic vision. The role is comprehensive, overseeing various facets of the company, rather than being confined to a specific area like auditing, product development, or marketing strategies.