When a vacancy occurs on a corporate board, how the position will be filled is most likely set forth in
A)the corporation's articles or bylaws.
B)shareholder proxies.
C)the business judgment rule.
D)the board's recorded minutes.

Question

Quizplus · Accepted Answer

The corporation's articles of incorporation or bylaws typically outline the procedures for filling vacancies on the board, including whether the board itself can appoint someone or if a shareholder vote is required. These documents serve as the primary governance guidelines for the corporation.

When a Vacancy Occurs on a Corporate Board, How the Position