Justify the following statement: The Board of Directors is the elected representative of the shareholders.

Justify the following statement:

The Board of Directors is the elected representative of the shareholders.

Monjur Alahi

7 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

A Joint Stock Company is a business organization with a wide scope of business activity.
Though shareholders of the company are the part of owners as well as the members of the Joint Stock Company, they cannot participate in the management and day-to-day functioning of the company since they are scattered over a large geographical area.
So, as such the shareholders during the Annual General Meeting elect the directors to act as their representatives and carry on the business activities of the company.

7 views Answered 2023-02-05 15:29

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