Which group is elected by stockholders to oversee management in a corporation?

• A. Board of Directors
• B. Chief Executive Officer (CEO)
• C. Shareholders' Equity Committee
• D. Audit Committee

Answer: (A)

Verified step by step guidance

1. Understand the role of stockholders in a corporation: Stockholders are the owners of the corporation and have voting rights to elect representatives who oversee the management.
2. Identify the primary group responsible for overseeing management: The Board of Directors is elected by stockholders to represent their interests and ensure the corporation is managed effectively.
3. Clarify the roles of other groups mentioned: The Chief Executive Officer (CEO) is appointed by the Board of Directors to manage the day-to-day operations. The Shareholders' Equity Committee and Audit Committee are specialized groups that may exist within the corporation but are not elected by stockholders to oversee management.
4. Recognize the governance structure: The Board of Directors acts as the governing body that sets policies, makes major decisions, and ensures accountability of the executive team.
5. Conclude that the correct answer is the Board of Directors, as they are directly elected by stockholders to oversee management in a corporation.