INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Members of a board of directors are
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Required to be stockholders
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Elected by stockholders
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A business’s vendors
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Not able to make decisions
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Explanation:
Detailed explanation-1: -The board of directors of a public company is elected by shareholders. The board makes key decisions on issues such as mergers and dividends, hires senior managers, and sets their pay. Board of directors candidates can be nominated by the company’s nominations committee or by outsiders seeking change.
Detailed explanation-2: -6.1 The ultimate responsibility to appoint/remove directors should be that of the Company (Shareholders).
There is 1 question to complete.