Which of the following persons or groups have the ultimate control of a corporation?
A) the chief executive officer
B) the board of directors
C) the audit committee
D) the shareholders

Question

Quizplus · Accepted Answer

The ultimate control of a corporation is held by the shareholders. While the CEO, board of directors, and audit committee all have important roles in the governance and management of the corporation, they ultimately answer to the shareholders who have the power to elect the board and make major decisions such as mergers and acquisitions.

Which of the Following Persons or Groups Have the Ultimate