Question

________ are employees of a corporation who are appointed by the board of directors to manage the day-to-day operations of the corporation?

1) Corporate officers
2) Shareholders
3) Registered agents
4) Ombudsmen

Answer 1

Corporate officers are the employees appointed by the board of directors to manage the corporation's daily operations. The board acts a governance body, but executives can influence its composition.

Step-by-step explanation:

The employees of a corporation who are appointed by the board of directors to manage the day-to-day operations of the corporation are known as corporate officers. These officers include positions such as the Chief Executive Officer (CEO), Chief Financial Officer (CFO), and Chief Operating Officer (COO), among others. The board of directors serves as the first line of corporate governance, which also involves auditing firms and outside investors, ensuring that the company operates in the best interests of its shareholders. However, top executives often influence the selection of board members, which can sometimes lead to governance issues, such as was the case with Lehman Brothers.