The board of directors of a public stock company consists of
A) managers appointed by the owners of a company to run its day-to-day operations.
B) individuals who formally represent the firm's shareholders and oversee the work of executives.
C) the legal owners of a publicly traded company that was purchased in a leveraged buyout.
D) employees of a company who belong to the senior management and directly report to the CEO of the firm.
Correct Answer:
Verified
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