Who is responsible for electing the board of directors in a corporation?

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Discover Texas Aandamp;M University's MGMT209 exam! Study using flashcards and multiple choice questions, complete with hints and explanations. Prepare effectively for your test!

The responsibility for electing the board of directors in a corporation lies with the shareholders. Shareholders are the owners of the corporation and have the voting power to elect individuals who will serve on the board. This board is crucial as it makes significant decisions regarding the management and direction of the company.

Managers and officers, while they play essential roles in the day-to-day operations and implementation of the board’s directives, do not have the authority to vote on board member elections. The board itself is responsible for appointing officers and hiring managers to run the company, thus establishing a clear separation of ownership and control that is fundamental to corporate governance. Therefore, it's the shareholders who wield the pivotal power of election when it comes to the board of directors, making this option the correct answer.