Shareholders have the power to vote to elect or remove members of the board of directors.
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Q10: Each director present at a meeting of
Q11: Most states do not permit the corporate
Q12: A court will dismiss a derivative suit
Q13: A director or officer is liable to
Q14: Directors cannot use corporate funds or confidential
Q16: A director who does not hold a
Q17: Dividends can be paid from the undistributed
Q18: A straight majority vote of the shares
Q19: Shareholders own the corporation, and they have
Q20: Directors are prevented from ever having financial
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