The shareholders elect a ___________, a group of people who are legally responsible for governing the corporation.
A)governing board
B)board of directors
C)oversight board
D)group of shareholder representatives

Question

Quizplus · Accepted Answer

The term used to describe the group of people who are legally responsible for governing the corporation is the board of directors. This board is elected by the shareholders and typically consists of experienced business leaders who provide oversight and make strategic decisions on behalf of the company. The other answer choices (A, C, and D) do not accurately describe this group or its role in the corporate governance structure.

The Shareholders Elect a ___________, a Group of People Who