Which of the following groups is responsible for approving changes in the fundamental structure of the business?

Question

Quizplus · Accepted Answer

The board of directors is responsible for approving changes in the fundamental structure of the business, such as mergers, acquisitions, or changes in the company's governing documents. The shareholders can vote on certain changes but ultimately it is up to the board to approve them. The corporate officers and financial investors may have influence, but they do not have the final say in approving such changes.

Which of the Following Groups Is Responsible for Approving Changes