A common stockholder has the power and right to elect a firm`s directors.Select one:TrueFalse

True.

Common stockholders do indeed have the power and right to elect a firm's directors. This is a fundamental aspect of corporate governance. Each common share typically grants its holder the right to vote on key issues, including the election of the board of directors. The board of directors is responsible for making significant decisions regarding the company's management and strategic direction. Shareholder voting is usually conducted during the annual general meeting (AGM) or special meetings, with the possibility of alternatives such as proxy voting where shareholders can authorize others to vote on their behalf. Thus, common stockholders play a crucial role in influencing the composition and effectiveness of the board that oversees the corporation.