Final answer:
The board of directors in a public stock company is elected by the shareholders through voting. The board is responsible for making important decisions and overseeing the operations of the company.
Step-by-step explanation:
The board of directors in a public stock company is elected by the shareholders through voting. The board is responsible for making important decisions and overseeing the operations of the company.
Typically, the board consists of a group of independent directors and executives from within the company or external professionals with relevant expertise.
The board of directors has several key responsibilities which include setting company policies, appointing top executives, approving budgets, and ensuring compliance with regulations.