Final answer:
The directors of an Australian Company control business operations, while the CEO manages day-to-day activities and shareholders typically elect the board but are less involved.
Step-by-step explanation:
In an Australian Company, who controls the business operations? When looking at the structure of a company, it is important to understand the different roles that exist within it. In theory, the board of directors is responsible for ensuring that the company operates in the best interests of the shareholders, who are considered the true owners of the company. The board has the authority to make strategic decisions and oversee the management of the company. However, the top executives, including the CEO, are tasked with running the company on a day-to-day basis and also play a significant role in selecting board members.
Although shareholders elect the board, often they are not deeply involved in day-to-day operations or board member nominations due to a lack of knowledge or personal incentive. the correct answer to the question is b. The directors of the Company, whether or not they are also members (shareholders) of the Company.