The Board of Directors:
A) Reports to management.
B) Runs the company on a day-to-day basis.
C) Is elected by the shareholders.
D) All of the above.

Question

Quizplus · Accepted Answer

The Board of Directors is elected by the shareholders to represent their interests in the management of the company. They are not responsible for running the company on a day-to-day basis, which is the responsibility of management. Additionally, they do not report to management, but rather oversee and guide management's actions. Therefore, the correct choice is C.