How Are the Directors of a Corporation Selected? What Are

question 123

Essay

How are the directors of a corporation selected? What are their duties? How are the officers selected, and what are their duties? Describe the directors' and officers' fiduciary duties to the corporation and its shareholders.

---

Definitions:

Biological Mother

A woman who has given birth to a child, contributing genetically through ovum to the child's birth.

Biological Father

A term referring to the man from whom a child has inherited DNA, typically the child's genetic parent.

Y Chromosome

One of the two sex chromosomes in humans and most other mammals, typically present in males, who have one X and one Y chromosome.

X Chromosome

One of the two types of sex chromosomes, present in both genders but in women as a pair and men paired with a Y chromosome.