Shareholders are owners of a corporation who elect the board of directors and vote on fundamental changes in the corporation.

Question

Quizplus · Accepted Answer

Shareholders have voting rights and are responsible for electing the board of directors and approving important corporate decisions such as mergers and acquisitions, stock issuances, and changes to the company's bylaws. Therefore, they are considered owners of the corporation.

Shareholders Are Owners of a Corporation Who Elect the Board