Marissa has been recruited to a group that provides oversight for an organization but that doesn’t engage in the day-to-day operations of the organization. The group focuses on strategy and direction for the organization and meets a few times a year. What type of gover- nance group is Marissa part of?

Boards provide strategic oversight and direction for organizations. Boards may form sub- committees to accomplish specific tasks or to provide oversight over specific areas. Regula- tors oversee an industry based on law. Activist investor’s groups are not covered by the exam, but typically they own stock in an organization and seek to direct the organization through their activism and stock ownership.