Which of the following statements about directors of a company is true?
A)Directors are elected by management of a company.
B)Directors only get paid if the company increases its profitability that year.
C)Directors are shareholders' representatives.
D)All directors of a company are senior managers in that company.

Question

Quizplus · Accepted Answer

Directors are elected by shareholders to represent their interests and oversee management of the company. They may or may not be senior managers in the company and are typically compensated with a combination of cash and equity-based incentives, regardless of the company's profitability.

Which of the Following Statements About Directors of a Company