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
Solution
To answer the question regarding who appoints a corporation's officers, we can analyze the roles within a corporation:
-
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.
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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.
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Primary Stockholder: Stockholders typically have voting rights on major issues like electing the board of directors, but they do not directly appoint officers.
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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.
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