Who do the shareholders in a corporation elect to oversee the operation of the company and ensure that their interests are protected?
A) senior staff
B) board of proprietors
C) audit committee
D) board of directors

Question

Quizplus · Accepted Answer

Shareholders in a corporation elect a board of directors to oversee the operation of the company and ensure that their interests are protected. The board of directors makes strategic decisions and hires senior staff, while also appointing an audit committee to ensure financial transparency and accountability. In contrast, a board of proprietors is not a common term used in corporate governance.

Who Do the Shareholders in a Corporation Elect to Oversee