The directors of a corporation:

Question

Quizplus · Accepted Answer

The directors of a corporation are responsible for formulating corporate policy and for hiring corporate officers. They are elected by the shareholders to oversee the management of the corporation, but they typically do not handle day-to-day operations themselves. Option A is incorrect because directors are not hired by officers, but rather elected by the shareholders. Option B is incorrect because directors can own shares and be officers of the corporation, but there may be some limitations or requirements depending on the corporate structure and bylaws. Option D is incorrect because the directors are not elected to run day-to-day operations directly, but rather to oversee the management team that handles day-to-day operations.

The Directors of a Corporation