Shareholders have the authority to manage the corporate business.

Name: Shareholders have the authority to manage the corporate business.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Shareholders elect a board of directors who then has the authority to manage the corporate business. Shareholders may have voting rights to make major decisions such as electing board members or approving mergers, but they do not have direct authority over day-to-day operations.

Shareholders Have the Authority to Manage the Corporate Business