How are directors (members of corporate boards)selected?

Question

Quizplus · Accepted Answer

Shareholders ultimately elect the directors from a list of candidates proposed by the nominating committee or from shareholder nominations. The CEO does not have the authority to appoint directors, and the nominating committee is responsible for presenting candidates for election, not electing them themselves. While shareholders with greater ownership may have more influence on the election, they do not automatically become directors.

How Are Directors (Members of Corporate Boards)selected