Which of the following functions can the board of directors perform?

The function of appointing auditors is a critical responsibility of the board of directors, reflecting their role in ensuring the financial integrity and accountability of the organization. The board is mandated to oversee the financial reporting process, which includes the engagement of independent auditors to review the company's financial statements. By appointing auditors, the board ensures that the financial practices of the company are in compliance with applicable laws and regulations, thus fostering transparency and building trust with stakeholders.

This function is essential for maintaining the company's credibility and giving assurance to investors and other stakeholders about the reliability of financial information. The ability to appoint auditors also empowers the board to select professionals who they believe will act in the best interest of the company and its shareholders.

While the board does have several other important functions, such as discussing the declaration of dividends, hiring legal counsel, and revising corporate bylaws, these areas may vary based on specific corporate governance structures or company bylaws. The authority to decide on dividends, for instance, can sometimes also involve shareholder approval or be restricted by specific provisions in the company's governing documents. Similarly, while hiring legal counsel is often within the purview of the board, the process may depend on the management structure in place. Revising corporate bylaws typically requires shareholder approval or may