The only management duty shareholders have is the right to vote on matters such as the election of directors and the approval of fundamental changes in the corporation.
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Q5: A corporation's shareholders own the corporation.
Q6: Corporate directors are responsible for making policy
Q7: Quarterly shareholders' meetings are held to elect
Q8: Notice of a shareholders' meeting is required
Q9: Notice of a shareholder's meeting must be
Q11: Shareholders,directors,and officers have equal rights in managing
Q12: If a shareholders' annual meeting is not
Q13: As a legal entity,a corporation can be
Q14: Shareholders are agents of the corporation.
Q15: Generally,shareholders owe a fiduciary duty to other
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