In most corporations the owners exercise direct control of the corporation.

Question

Quizplus · Accepted Answer

In most corporations, the owners are shareholders who elect a board of directors to oversee the management of the corporation. The board of directors then hires and oversees the executives who run the day-to-day operations of the corporation. The owners, through their shareholding, have indirect control over the corporation through the board of directors.

In Most Corporations the Owners Exercise Direct Control of the Corporation