Asked by nohamin tekele on Jul 04, 2024
Verified
Who elects the board of directors of a corporation?
A) Corporation's employees
B) Bondholders and other creditors
C) Corporate officers
D) Stockholders
Board Of Directors
Governing body of a corporation.
Stockholders
Individuals or entities that own shares in a corporation, granting them certain rights and potential financial benefits.
- Familiarize yourself with the responsibilities and roles of important corporate governance institutions, like the board of directors and stockholders.
Verified Answer
HY
Humam YousefJul 11, 2024
Final Answer :
D
Explanation :
Stockholders (or shareholders) of a corporation are the ones who elect the board of directors. The board is responsible for overseeing the corporation's activities and making major decisions.
Learning Objectives
- Familiarize yourself with the responsibilities and roles of important corporate governance institutions, like the board of directors and stockholders.
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