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But there's another group of people who shares in the oversight of company business?the board of directors. A public company's board of directors is chosen by shareholders, and its primary job is to look out for shareholders' interests.
Shareholders: owners of the company who have exchanged assets for shares of stock. Directors: appointed by shareholders to oversee the management of the corporation. Officers: appointed by directors to manage the day-to-day activities of the company.
The shareholders are responsible for electing the directors of a company?this is typically done at the annual shareholders' meeting, where shareholders vote to approve a slate of directors proposed by the company's management.
Shareholders are owners of a corporation who elect the board of directors and vote on fundamental changes in the corporation. Corporation codes regulate the formation, operation, and dissolution of corporations.