Daryl, Elsa, and Ferris are the directors of Go Apps, Inc. Go also has four officers and fourteen shareholders. Dividends can be ordered by the firm's

Question

Daryl, Elsa, and Ferris are the directors of Go Apps, Inc. Go also has four officers and fourteen shareholders. Dividends can be ordered by the firm's​

Quizplus · Accepted Answer

Dividends can only be ordered by the board of directors, which in this case consists of Daryl, Elsa, and Ferris. The officers and shareholders have no authority to order dividends. As for the choice between majority and minority shareholders, it is the board's responsibility to act in the best interest of the company, not just the majority or minority shareholders.

Daryl, Elsa, and Ferris Are the Directors of Go Apps