A shareholder's only management duty is to vote on matters like the election of directors and the approval of fundamental changes in the corporation.

Question

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Shareholders have limited management duties and are mainly responsible for voting on matters related to the corporation's governance and major decisions. Their primary role is to elect board members and approve significant corporate decisions, such as mergers, acquisitions, or amendments to the bylaws. However, shareholders do not have the authority to make day-to-day operational decisions or manage the corporation's affairs.

A Shareholder's Only Management Duty Is to Vote on Matters