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            | Topic: | Business | 
        
            | Number of pages / Number of words: | 8 / 2126 | 
                
    
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The shareholders vote to elect a board of directors. It is the directors' responsibility to act in the best interest of the shareholders. To ensure that this is being upheld the board is made up of inside directors, senior executives and top shareholders, and outside directors, people not employed or involved in the organization...
        
        
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The board monitors the corporation creates policies and makes major decisions for the corporation. The directors create bylaws which detail the policies and the procedures of the corporation. They also appoint officers. This is usually a president, vice president, secretary etc. The officers run the day to day business procedures...
        
        
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            General points of the essay
            
                                    A company is the property of shareholders, is an exploded myth
                                    A company is the property of the shareholders is an exploded myth
                                    Board of Directors Duty
                                    Commitment to Planning: Connecting With Customers, Providing Value to Shareholders, and Remaining Socially Responsible
                                    Corporate Governance And Board Of Directors
                                    Directors Remuneration
                                    Financial Managers Need Only Concentrate On Meeting The Needs Of Shareholders - No Other Group Matters
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                                    Shlensky v. Wrigley
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