Asked by Suzanna Mondragon on Jul 08, 2024
Verified
Directors are elected at the annual meeting of shareholders.
Annual Meeting
A yearly gathering of the members or shareholders of an organization to discuss its performance, elect leadership, or make decisions on corporate issues.
Directors
Directors are individuals elected to a corporation's board to oversee and guide the organization's policies and direction.
- Understand the functions and roles that shareholders, directors, and officers play within a corporation.
- Apprehend the regulatory requirements for corporate record examination, director elections, and the enforcement of corporate rights.
Verified Answer
SV
Sabrina VulajJul 13, 2024
Final Answer :
True
Explanation :
This statement is true. Directors are elected by the shareholders at the annual meeting.
Learning Objectives
- Understand the functions and roles that shareholders, directors, and officers play within a corporation.
- Apprehend the regulatory requirements for corporate record examination, director elections, and the enforcement of corporate rights.
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