What is the name given to the governing body of a corporation?
A) Board of directors.
B) Officers.
C) Shareholders.
D) Preferred shareholders.

Question

​What is the name given to the governing body of a corporation?
A) ​Board of directors.
B) ​Officers.
C) ​Shareholders.
D) ​Preferred shareholders.

Quizplus · Accepted Answer

The board of directors is the governing body of a corporation responsible for making major corporate decisions and overseeing the company's management. They are elected by the shareholders and typically have the authority to hire and fire top executives.

B, C, and D are not the correct choices as officers are individuals appointed by the board to manage the day-to-day operations of the company, shareholders are the owners of the company, and preferred shareholders are a class of shareholders with specific rights and privileges, but they are not the governing body of the corporation.

​What Is the Name Given to the Governing Body of a Corporation

What Is the Name Given to the Governing Body of a Corporation