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A corporation’s officers are appointed by the:Multiple Choiceboard of directorscompany presidentprimary stockholderstate in which the corporation operates

Question

A corporation’s officers are appointed by the:

  • Multiple Choice
    • board of directors
    • company president
    • primary stockholder
    • state in which the corporation operates
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Solution

To answer the question regarding who appoints a corporation's officers, we can analyze the roles within a corporation:

  1. Board of Directors: The board is responsible for making significant decisions about the company, including appointing the corporate officers such as the CEO, CFO, and other executive positions.

  2. Company President: While the president may have the authority to hire lower-level managers or staff, the ultimate authority to appoint the higher-level officers generally lies with the board of directors.

  3. Primary Stockholder: Stockholders typically have voting rights on major issues like electing the board of directors, but they do not directly appoint officers.

  4. State in Which the Corporation Operates: While the state regulates corporations, it does not involve itself in the internal management or in the appointment of officers.

Final Answer

The correct answer is board of directors.

This problem has been solved

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