Corporate shareholders are the ultimate authority in every corporation.
Correct Answer:
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Q1: A director cannot be elected by the
Q2: Shareholders have no responsibility for the day-to-day
Q3: All directors must be present before a
Q5: In many corporations,the directors are also the
Q6: A director usually serves on a corporation's
Q8: In most states,a director cannot be removed
Q9: Corporate officers and directors owe no duty
Q11: A director may not sit on the
Q11: Officers are required to exercise a reasonable
Q28: Corporate directors and officers are insurers of
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