ENTREPRENEURSHIP

Detailed explanation-1: -Stockholders own shares in companies, which makes them collective owners. They elect a board of directors to lead their companies and look out for their investment interests. Boards have a legal responsibility to govern on behalf of the stockholders and help companies prosper.

Detailed explanation-2: -A board of directors is a group of people elected by the company’s shareholders to oversee the management of the business and make major decisions on its behalf. This includes hiring and terminating C-level company executives, making major financial decisions, and acting in the best interest of the company.

Detailed explanation-3: -Preferred Stock So when it comes time for a company to elect a board of directors or vote on any form of corporate policy, preferred shareholders have no voice in the future of the company.

Detailed explanation-4: -6.1 The ultimate responsibility to appoint/remove directors should be that of the Company (Shareholders).

Detailed explanation-5: -Preferred stockholders elect the board of directors that manage the day-to-day business activities of a corporation. A conglomerate merger takes place between firms in completely different industries. The articles of partnership is a written contract describing the terms of a partnership.