The role of shareholders in managing the corporation is generally restricted to:
A)election of directors.
B)approval of certain extraordinary measures.
C)the approval of corporate transactions that are void or voidable unless ratified.
D)All of the above.
E)None of the above.

Question

Quizplus · Accepted Answer

Shareholders typically play a limited role in managing corporations and their responsibilities are limited to electing directors, approving certain extraordinary measures, and ratifying corporate transactions that may be void or voidable. Therefore, option D, which includes all of the above, is the correct answer. Options A, B, and C each refer to a subset of the activities that shareholders may engage in, but none of them capture the full range of activities that shareholders can undertake. Option E is incorrect because shareholders do have a role in managing the corporation, albeit a limited one.

The Role of Shareholders in Managing the Corporation Is Generally