Question

In the matter of management of the corporation, this is supreme:

A. Majority of the shareholders
B. Board of directors
C. 2/3 of the stockholders
D. Officers of the corporation

Answer 1

The board of directors is supreme in the management of a corporation and ensures that the firm is run in the interests of the shareholders.

Step-by-step explanation:

The board of directors is supreme in the matter of management of the corporation. They are elected by the shareholders and are responsible for making important decisions and overseeing the actions of the top executives. The board of directors helps to ensure that the firm is run in the interests of the true owners-the shareholders.