Which of the following are elected by shareholders to represent their interests in a corporation?

• A. Board of Directors
• B. Chief Executive Officer (CEO)
• C. Auditors
• D. Creditors

Answer: (A)

Verified step by step guidance

1. Understand the role of shareholders in a corporation: Shareholders are the owners of the corporation and have the right to vote on certain matters, including the election of representatives to oversee the company's management.
2. Learn about the Board of Directors: The Board of Directors is a group of individuals elected by shareholders to represent their interests. They are responsible for making major decisions, setting policies, and overseeing the management of the corporation.
3. Differentiate between the roles: The Chief Executive Officer (CEO) is appointed by the Board of Directors and is responsible for the day-to-day operations of the company. Auditors are external professionals who review the company's financial statements for accuracy and compliance, and creditors are entities or individuals to whom the company owes money.
4. Focus on the election process: Shareholders directly elect the Board of Directors during annual general meetings or special meetings. The CEO, auditors, and creditors are not elected by shareholders but are appointed or engaged through other processes.
5. Conclude that the correct answer is the Board of Directors: Shareholders elect the Board of Directors to represent their interests in the corporation, as they are directly involved in governance and oversight.