While common shareholders do not exercise control over the firm's daily activitles, they can exercise their voting rights to elect the $$ who has$($have$)$ that responsibility.

chief operating officer $.$

chief executive officer

board of directors

chief financial officer

Preferred shareholders are granted $$ only if the firm has $$

voting rights; approved it

voting rights; missed preferred dividend payments

pre$-$emptive rights; issued new bonds

pre$-$emptive rights; issued new commercial paper