"A company shareholder is a stakeholder, but company stakeholders are not necessarily shareholders, why? "Stakeholders are parties that hold an interest in the business, which includes shareholders." Shareholders are the owners of the company. stakeholders cannot own shares in the company. "stakeholders must own shares in the company, but shareholders never do." QUESTION 12 "In recent years, there has been some movement among US corporations away from allowing a company s CEO to also be the chair of its board of directors. Which of the following is the most likely reason? Holding both positions is against the law. The CEO being both management and a shareholders representative could create a conflict of interest. The CEO holds a higher rank than the chairperson. Holding both positions is too difficult. QUESTION 7 "Pursuant to the Securities Act of 1933 and the Securities Exchange Act of 1934, all publicly traded companies are required to file certain financial reports with the IfSS SEC FINRA state where the company is incorporated