Question

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.

Answer 1

Answer:

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.