The role of shareholders in managing the corporation is generally restricted to:

A) election of directors.
B) approval of certain extraordinary measures.
C) the approval of corporate transactions that are void or voidable unless ratified.
D) All of these are restrictions.
E) None of these are restrictions.

Question

Aniisa Shire · Accepted Answer

Final Answer : D, Explanation :  Shareholders typically have a limited role in the day-to-day management of a corporation, which is primarily handled by the board of directors and executive management. However, shareholders do have the right to elect directors and approve certain extraordinary measures, such as mergers, acquisitions, and amendments to the corporation's charter. They may also have the right to approve corporate transactions that could be considered void or voidable unless ratified by them. Therefore, all the options listed are aspects of the restricted role shareholders play in managing the corporation.

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