The board of directors of a corporation usually is elected by
A) bondholders.
B) preferred stockholders.
C) the corporation's board of directors.
D) convertible preferred stockholders.
E) common stockholders.

Question

Quizplus · Accepted Answer

The board of directors of a corporation is typically elected by the common stockholders, who typically have the right to vote in such elections. Bondholders, preferred stockholders, and convertible preferred stockholders generally do not have voting rights for board elections. While the existing board of directors could theoretically elect new members to the board, this is generally not the norm and would likely be met with resistance from shareholders.

The Board of Directors of a Corporation Usually Is Elected