In a corporation, the members of the board of directors are elected by the
A) chief executive officer.
B) creditors.
C) stockholders.
D) employees.

Question

Quizplus · Accepted Answer

The members of the board of directors are elected by the stockholders, who own shares of the corporation. This is typically done through a voting process, where each share of stock represents one vote. The board of directors is responsible for overseeing the management of the corporation and making major decisions on behalf of the shareholders. The CEO and employees do not have a direct role in electing the board of directors, although the CEO may play a role in nominating candidates for the board. Creditors also do not have any say in the election of the board of directors.

In a Corporation, the Members of the Board of Directors