The ultimate control of the corporation rests with the:
A) shareholders
B) chief executive officer
C) employees
D) federal and provincial governments

Question

Quizplus · Accepted Answer

The ultimate control of a corporation lies with its shareholders who have the power to elect the Board of Directors who then appoint management. Shareholders can also vote on important decisions such as mergers, acquisitions, and major strategic initiatives. While the CEO and employees may have significant influence, they ultimately report to and are accountable to the shareholders. The federal and provincial governments regulate certain aspects of corporations but do not have direct control over day-to-day operations or decision-making.

The Ultimate Control of the Corporation Rests with The