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 options are true.

Question

Quizplus · Accepted Answer

The board of directors is typically elected by the common stockholders, as they hold voting rights in the company. Preferred stockholders may also have voting rights, but this varies depending on the specific terms of their shares. Bondholders, however, do not have voting rights in the company.

Under Normal Operating Conditions, the Board of Directors Is Elected