To ascertain the process that a corporation chooses the board of directors and the work of the board of directors?
Explanation of Solution
Stockholder is the community which selects the board of directors for the company. The key aim of the board is to promote the growth and maintain the stability of the company by handling the company's affairs collectively, while serving the correct interests of its shareholders and related stakeholders, so, the board has a duty for protecting shareholder rights, setting management policies, oversight of the corporation.
Introduction: Also known as a shareholder of a company or entity which is cable of dealing one share of an organization's capital stock. Stockholders are also the company’s owner, and usually receive the company's achievement in the matter of increased stock value. Nevertheless, if the price of the company’s stock falls, the stockholder would still have to bear the losses.
Chapter 8 Solutions
Economics Today and Tomorrow, Student Edition
Additional Business Textbook Solutions
Managerial Accounting (4th Edition)
Principles of Management
Horngren's Cost Accounting: A Managerial Emphasis (16th Edition)
Managerial Accounting (5th Edition)
Cost Accounting (15th Edition)
Horngren's Accounting (11th Edition)
- Principles of Economics (12th Edition)EconomicsISBN:9780134078779Author:Karl E. Case, Ray C. Fair, Sharon E. OsterPublisher:PEARSONEngineering Economy (17th Edition)EconomicsISBN:9780134870069Author:William G. Sullivan, Elin M. Wicks, C. Patrick KoellingPublisher:PEARSON
- Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage LearningManagerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage LearningManagerial Economics & Business Strategy (Mcgraw-...EconomicsISBN:9781259290619Author:Michael Baye, Jeff PrincePublisher:McGraw-Hill Education