Which one of the following parties has ultimate control of a corporation?
A)chairman of the Board
B)board of directors
C)chief executive officer
D)chief operating office
E)shareholders

Question

Quizplus · Accepted Answer

Shareholders have ultimate control of a corporation as they hold ownership in the company and have the power to elect the board of directors, approve major decisions, and make changes to the company's bylaws. While the other positions listed may have significant influence and decision-making power, they ultimately answer to the shareholders.

Which One of the Following Parties Has Ultimate Control of a Corporation