Asked by
Marola Villacis
on Dec 20, 2024
Verified
The members of the board of directors are trustees of the corporation.
Trustees
Individuals or organizations entrusted with the responsibility to manage assets or property on behalf of others, often for a specific purpose or benefit.
Board of Directors
A group of elected individuals who represent shareholders' interests, oversee management, and make strategic decisions for a corporation.
- Comprehend the responsibilities and roles of shareholders, directors, and officers in a corporate setting.
- Identify the distinctions among the roles and duties of shareholders, directors, and officers, particularly in terms of fiduciary duties.
Verified Answer
AM
Learning Objectives
- Comprehend the responsibilities and roles of shareholders, directors, and officers in a corporate setting.
- Identify the distinctions among the roles and duties of shareholders, directors, and officers, particularly in terms of fiduciary duties.
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