The panel of individuals who are elected by a corporation's shareholders to oversee the management of the firm is called the:
A) board of advisors
B) accountability panel
C) advisory team
D) panel of directors
E) board of directors

Question

Quizplus · Accepted Answer

The term "board of directors" is commonly used to refer to the panel of individuals who are elected by a corporation's shareholders to oversee the management of the firm. This board is responsible for major decisions affecting the company's operations, strategy, and performance, and is accountable to the shareholders for ensuring that the company's interests are served. The other answer options are less commonly used or not specific enough to describe the board of directors.

The Panel of Individuals Who Are Elected by a Corporation's