Question

In large, publicly traded corporations, typically the shareholders have little involvement in the day-to-day operations of the corporation, but rather the shareholders select a board of directors who hire officers and managers to operate the business True or False?

Answer 1

Answer: True

Explanation:

A publicly traded corporation is a type of corporation where shares are public traded. People who buy shares in the company are known as shareholders and are usually referred to as owners of the company.

The shareholders usually vote to elect board members usually through proxy voting.

The board of directors hire managers and oversee the running of the corporation.