The greatest control over the acts of a corporation may be exercised by the:

Question

Quizplus · Accepted Answer

The board of directors is responsible for setting the policies and making the major decisions that affect a corporation. They are elected by the shareholders and have the greatest control over the acts of the corporation. While shareholders do have some influence through voting rights, the board of directors has the ultimate authority. Preferred shareholders and bondholders do not have the same level of control as the board of directors.

The Greatest Control Over the Acts of a Corporation May