Stockholders Select one: a. select the board of directors of a corporation. b. select the employees of a corporation. c. select the managers of a corporation. d. All of these.

Question

Douglas Scott

Business

16 May, 16:21

Stockholders Select one: a. select the board of directors of a corporation. b. select the employees of a corporation. c. select the managers of a corporation. d. All of these.

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Answers (1)

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Giovani Abbott · Answer 1

a. select the board of directors of a corporation.

Explanation:

The board of directors is elected by the stockholders of a company and they are the ones responsible for hiring CEO, CFO, and the rest of the upper management of a corporation. They are also in charge of setting the corporate strategy and making important decisions, e. g. approving new projects, etc.

Stockholders do not control the company directly, the board does.