Wade serves on Foot Locker's board of directors. How did Wade get this position?
A) He volunteered for the assignment.
B) He was appointed by the chief executive officer.
C) He was assigned by the Federal Trade Commission.
D) Through default as the largest stockholder, Wade got the position.
E) He was elected by the company's stockholders.

Question

Quizplus · Accepted Answer

Typically, members of a company's board of directors are elected by the company's stockholders.

Wade Serves on Foot Locker's Board of Directors