A corporation's board of directors:

Name: A corporation's board of directors:
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The board of directors can be voted out of power by the shareholders, who have the ultimate decision-making power in a corporation. Management does not have authority to select or remove the board, nor do all corporate stakeholders have a vote in the board's selection. Board members also do not have a lifetime appointment; they are typically elected for a fixed term and can be re-elected or replaced in subsequent elections.

A Corporation's Board of Directors