Shareholders of a corporation directly elect:
A)the president of the corporation.
B)the board of directors.
C)the treasurer of the corporation.
D)all of the employees of the corporation.

Question

Quizplus · Accepted Answer

Shareholders of a corporation directly elect the board of directors. The board of directors is responsible for making important decisions on behalf of the corporation, including appointing executive officers such as the president and treasurer. However, shareholders do not directly elect these executive officers. Additionally, shareholders do not have a role in hiring all of the employees of the corporation, as this is typically the responsibility of the executive officers and management team.

Shareholders of a Corporation Directly Elect