Asked by Chase Freriks on Jun 26, 2024
Verified
A director in a corporation is which of the following?
A) An owner of the business
B) A person elected by shareholders to direct corporate affairs
C) A liable partner
D) A person hired to manage the day-to-day operations of the corporation
Director
A person elected by the shareholders to direct corporate affairs.
Corporate Affairs
Activities and responsibilities related to the operation and management of a corporation, including compliance, governance, and public relations.
- Acknowledge the entitlements and duties of shareholders, directors, and officers in a corporate framework.
Verified Answer
LP
Lachlan PlattenJul 02, 2024
Final Answer :
B
Explanation :
Directors in a corporation are elected by the shareholders to oversee and direct the affairs of the corporation, ensuring that it is managed in the best interests of the shareholders. They are not necessarily owners, liable partners, or involved in day-to-day operations.
Learning Objectives
- Acknowledge the entitlements and duties of shareholders, directors, and officers in a corporate framework.
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