A corporation's board of directors:

Question

Quizplus · Accepted Answer

The board of directors is elected by the shareholders and can be voted out of power by the shareholders. They are responsible for overseeing the management of the corporation and making major decisions that affect the direction of the company. They act as the highest level of authority within the organization and represent the interests of shareholders. They are not selected by management, do not have a lifetime appointment, and are not selected by all corporate stakeholders.

A Corporation's Board of Directors