Question

The board of directors of a joint stock company is elected by

(a) General public

(b) Government bodies

(c) Shareholders

(d) Employees

Answer 1

A joint stock company is owned by individuals known as shareholders. The shareholders elect the board of directors as the chief managing body of the company and grant it indirect control over the business. The board of directors in turn appoints the top officials for managing the business operations.

Hence, the correct answer is option (c).