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Question
who has the ultimate decision - making authority in a corporation? a the largest shareholders b the ceo c the board of directors d the person who started the corporation
In corporate governance, the board of directors is elected by shareholders to oversee the corporation and holds the ultimate decision-making authority for major corporate matters. The CEO executes the board's decisions, largest shareholders have influence but not direct ultimate authority, and the founder has no inherent ongoing ultimate authority once the corporation is established.
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C. The board of directors