Shareholders,directors,and officers have equal rights in managing a corporation.

Question

Quizplus · Accepted Answer

Shareholders have the right to vote on major decisions and elect the board of directors, but the board of directors is responsible for managing the corporation and making day-to-day decisions. Officers are appointed by the board of directors and are responsible for executing the decisions made by the board. Therefore, shareholders, directors, and officers do not have equal rights in managing a corporation.

Shareholders,directors,and Officers Have Equal Rights in Managing a Corporation