Question

The board of directors of a corporation usually is elected by Group of answer choices bondholders. preferred stockholders. convertible preferred stockholders.the corporation's board of directors. common stockholders.

Answer 1

Answer: common stockholders

Explanation: Stockholders are in essence the owners of a business. The difference between common stockholders and preferred stockholders when it comes to deciding the fate of the company is that preferred stockholders do not have voting rights while common stockholders do. So, common stockholders elect the board of directors.

Bondholders do not have any say in the running of a business, whatsoever.