Why are shareholders given the responsibility to appoint directors?

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asked Dec 1, 2023 58.6k views

1 Answer

Tom Yeh · Answer 1 · 2023-12-07T18:26:42+0000

The role of the board of directors is to act as an advocate for shareholders and monitor the corporation's management team to ensure that they are promoting and maximizing the shareholders' interest.

Why are shareholders given the responsibility to appoint directors?

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