The officers of a corporation:
A)Are the agents of the corporation.
B)Are selected and removed by the stockholders.
C)Have their positions specified by federal law.
D)M ust be elected by a two-thirds vote.

Question

The officers of a corporation:
A)Are the agents of the corporation.
B)Are selected and removed by the stockholders.
C)Have their positions specified by federal law.
D)​M ust be elected by a two-thirds vote.

Quizplus · Accepted Answer

Officers of a corporation act as its agents, executing the day-to-day operations and making decisions within the scope of their authority. They are typically appointed by the corporation's board of directors, not by stockholders directly, and their roles are usually outlined in the corporation's bylaws rather than specified by federal law. The requirement for a two-thirds vote for election is not a standard rule for officer selection.

The Officers of a Corporation