What primary responsibility do the shareholders of a corporation have?
A. providing their own labor for the production process
B. overseeing production
C. hiring management to oversee production
D. electing a board of directors
D. electing a board of directors
The primary responsibility of the shareholders of a corporation is to elect a board of directors. The board of directors is entrusted with the governance of the corporation and is responsible for overseeing the company's management and business strategy. While the precise roles of shareholders can vary somewhat depending on the corporation's size, type, and governance structure, electing the board is a key function they all share.