Shareholders have very little direct control over what happens with a firm.

Name: Shareholders have very little direct control over what happens with a firm.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Shareholders elect a board of directors who make decisions on behalf of the company, and may only vote on certain major issues such as mergers, acquisitions, and executive compensation. They do not have direct control over day-to-day operations of the company.

Shareholders Have Very Little Direct Control Over What Happens with a Firm