The role of shareholders in managing the corporation is generally restricted to:
A) the approval of corporate transactions that are void or voidable unless ratified.
B) election of directors.
C) approval of certain extraordinary measures.
D) All of these are restrictions.
E) None of these are restrictions.

Question

Quizplus · Accepted Answer

Shareholders typically have a limited role in the day-to-day management of a corporation, but they do have the power to elect directors, approve certain extraordinary measures, and ratify corporate transactions that might otherwise be void or voidable. These actions are fundamental to their rights and responsibilities in corporate governance.

The Role of Shareholders in Managing the Corporation Is Generally