Question

Who selects a corporation's Board of Directors? [Choose ONE.]a. The state Articles of Incorporation Agency (AIA)b. The shareholdersc. The FASBd. The SECe. The employeesf. The banks

Answer 1

C. The shareholders

Step-by-step explanation:

Shareholders have an equity stake in a company, and have voting rights. One use for these voting rights is to vote for a corporation's Board of Directors who in turn are supposed to supervise the activities of the corporation and have ultimate responsibility for the management of the company. As such, the Board of Directors is accountable to the shareholders.