________ is the governing body of a corporation.

Question

Quizplus · Accepted Answer

The board of directors is the governing body of a corporation. They are responsible for making major decisions affecting the corporation and appointing the CEO. Majority shareholders committee and audit committee are subcommittees of the board of directors. The CEO is responsible for the day-to-day operations of the corporation and is accountable to the board of directors. Shareholders' board is not a commonly used term in corporate governance.

________ Is the Governing Body of a Corporation