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Which of the following is one of the two generally practiced methods for electing corporate directors?

1 Answer

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Final answer:

Shareholder voting and board nomination are the two generally practiced methods for electing corporate directors.

Step-by-step explanation:

One of the two generally practiced methods for electing corporate directors is through shareholder voting. Shareholders of a corporation have the right to vote on a board of directors during a shareholder meeting. The board members are elected based on the votes received, and this method allows shareholders to have a say in selecting the directors.

Another commonly used method is board nomination. In this case, the current board members or a nomination committee select and nominate potential directors for election. Shareholders vote on these nominated candidates during a shareholder meeting.

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