Final answer:
The members elected by stockholders to represent their ownership interests are the board of directors. These directors are tasked with ensuring that company management acts in the shareholders' best interests.
Step-by-step explanation:
The members elected by stockholders to represent their ownership interests are known as the board of directors. Shareholders of a public company, which include a vast number of investors, have the right to vote for the board of directors. The board of directors is responsible for overseeing the company's management and ensuring that it operates in the best interest of the shareholders, who are considered the true owners. However, it is often the case that top executives have significant influence in nominating board members, despite shareholders having voting rights. If a shareholder owns more shares, this grants them a greater number of votes and more influence over the board selection process.