Under normal operating conditions, the board of directors is elected by
A) the common stockholders.
B) the preferred stockholders.
C) the bondholders.
D) two of the above.

Question

Quizplus · Accepted Answer

Under normal operating conditions, the board of directors is elected by the common stockholders. The common stockholders have voting rights to elect the board members and have substantial control over the company's operations and decisions. Preferred stockholders do not usually have voting rights, and bondholders are not owners of the company and do not have any voting rights.

Under Normal Operating Conditions, the Board of Directors Is Elected