The greatest control over the acts of a corporation may be exercised by

Question

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The board of directors is responsible for making major decisions and setting policy for the corporation. They are elected by the shareholders and have a fiduciary duty to act in the best interests of the corporation and its shareholders. The majority owner of preferred shares or common shares may have some influence, but ultimately it is the board of directors who have the greatest control over the corporation. The bond holders have limited control and mainly have a contractual relationship with the corporation.

The Greatest Control Over the Acts of a Corporation May