Directors are elected at the annual meeting of shareholders.

Annual Meeting

A yearly gathering of the members or shareholders of an organization to discuss its performance, elect leadership, or make decisions on corporate issues.

Directors

Directors are individuals elected to a corporation's board to oversee and guide the organization's policies and direction.

Understand the functions and roles that shareholders, directors, and officers play within a corporation.
Apprehend the regulatory requirements for corporate record examination, director elections, and the enforcement of corporate rights.

Verified Answer

Sabrina VulajJul 13, 2024

Final Answer :

True

Explanation :

This statement is true. Directors are elected by the shareholders at the annual meeting.

Learning Objectives

Understand the functions and roles that shareholders, directors, and officers play within a corporation.
Apprehend the regulatory requirements for corporate record examination, director elections, and the enforcement of corporate rights.

Directors are elected at the annual meeting of shareholders.

Definitions

Learning Objectives

Learning Objectives

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