In a closely held corporation,the majority shareholders
A) have no influence on management.
B) can control election of a board of directors.
C) cannot be employed by the corporation.
D) have the same impact on policy as minority stockholders.
E) bring derivative suits on behalf of the corporation.

Question

Quizplus · Accepted Answer

In a closely held corporation, the majority shareholders can control election of a board of directors. In fact, the shareholders with the largest amount of stock are often elected to the board of directors.

In a Closely Held Corporation,the Majority Shareholders