Respuesta :
In a closely held corporation, the majority shareholders "can control the election of a board of directors ".
Who are board of directors?
In the case of publicly traded corporations, the board of directors (B of D) is the group responsible for setting strategy and supervising management.
The roles of board of directors are-
- A board of directors' primary duty, whether they work for a publicly listed company, a privately held company, or a nonprofit organisation, is to offer direction and control so that the latter can carry out its objectives.
- Appoint, overseen, retain, assess, and pay the manager.
- Create a system of policy-based government.
- Organize the business and your interaction with the CEO.
Who are shareholder?
Any individual, business, or organisation that has stock in a corporation is a shareholder.
- A shareholder of a firm may own just one share.
- As residual claimants on a company's profits, shareholders may be subject to capital gains (or losses) and/or dividend payments.
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