Shareholders are the de-facto owners of a corporation.

Name: Shareholders are the de-facto owners of a corporation.
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Question

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Shareholders have ownership rights, such as voting rights and rights to receive dividends and capital gains. They also have the power to elect the board of directors, which has the ultimate responsibility for managing the corporation. However, shareholders do not have direct control over day-to-day operations, which are the responsibility of the management team.

Shareholders Are the De-Facto Owners of a Corporation