What primary responsibility do the shareholders of a corporation have?

Question

hiring management to oversee production
overseeing production
providing their own labor for the production process
electing a board of directors

Answer 1

The primary responsibility of shareholders in a corporation is to elect a board of directors. The board of directors is responsible for overseeing the management of the company and making major decisions on behalf of the shareholders. Shareholders also have the responsibility to participate in corporate governance by voting on important company matters and communicating with the board of directors.