Under normal operating conditions, the board of directors is elected by
A)the common stockholders.
B)the preferred stockholders.
C)the bondholders.
D)Two of the other answer choices

Question

Quizplus · Accepted Answer

The board of directors is elected by the common stockholders as they have voting rights in the company. Preferred stockholders do not have voting rights, and bondholders do not have ownership stake in the company and thus do not have voting rights either.

Under Normal Operating Conditions, the Board of Directors Is Elected