What primary responsibility do the shareholders of a corporation have?

Answer 1

The primary responsibility of shareholders in a corporation is to elect the board of directors, who in turn are responsible for making decisions that are in the best interest of the company and its shareholders. Shareholders also have the responsibility to vote on important corporate matters, such as mergers and acquisitions, changes to the company's bylaws, and other significant decisions that may impact the company's future. Additionally, shareholders have the right to receive dividends, attend annual meetings, and inspect the company's financial records. Ultimately, shareholders have a fiduciary duty to act in the best interest of the corporation and to ensure its long-term success.