The Group That Is Elected by Shareholders to Govern and Oversee

question 23

Multiple Choice

The group that is elected by shareholders to govern and oversee management is the

• A) investment council.
• B) board of directors.
• C) board of trustees.
• D) governing council.

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Definitions:

Federal Law

Laws passed by the national government of the United States that apply throughout the country.

State Law

State law refers to the legal rules and regulations that are enacted and enforced by individual states within a country, as opposed to federal or national laws.

Bankruptcy Claims

Rights to payment recognized by a bankruptcy court from entities or individuals who have filed for bankruptcy protection.

Individual Debts

Financial obligations or amounts of money that are owed by a single person, as opposed to those owed by a group or company.