Question: 53. Which statement best describes the relationship between directors and officers in a corporation? a. Directors and officers are elected by the shareholders. b. Directors
53. Which statement best describes the relationship between directors and officers in a corporation?
a. Directors and officers are elected by the shareholders.
b. Directors are appointed by officers.
c. Officers are appointed by directors.
d. Directors but not officers are the directing mind of the corporation.
58. What must be used in order to circumvent the general powers of the directors of a corporation to
manage or supervise the ongoing business and affairs of a corporation?
a. provisions made in the bylaws or unanimous shareholders agreement
b. resolution of the majority shareholders of the corporation
c. provisions contained in the bylaws or a shareholders' agreement
d. unanimous resolution of majority and minority shareholders
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