What is the group elected by stockholders to manage a corporation called?

• A. Board of Directors
• B. Officers
• C. Trustees
• D. Shareholders

Answer: (A)

The group elected by stockholders to manage a corporation is the board of directors. They are chosen by shareholders to oversee governance, set broad policies, guide the company’s strategic direction, and hire officers who handle the day-to-day operations. Directors act as the link between ownership and management, charged with fiduciary duties of care and loyalty to the corporation and its owners.

Officers are the executives who run daily activities, following the board’s direction. Shareholders own the company but do not manage daily operations. Trustees apply to trusts, not to a for-profit corporation.