As a general rule, shareholders are responsible for the daily management of a corporation.

Name: As a general rule, shareholders are responsible for the daily management of a corporation.
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Question

As a general rule, shareholders are responsible for the daily management of a corporation.​

Quizplus · Accepted Answer

Shareholders are not responsible for the daily management of a corporation. The board of directors and executive officers are responsible for the day-to-day operations and management of the corporation, while shareholders typically have the right to vote on major decisions and elect the board of directors.

As a General Rule, Shareholders Are Responsible for the Daily