Business Law II Chapter 39 - Corporations: Directors, Officers, and Shareholders 1. The owners of the stock of a company are known as the... A. shareholders B. officers 2. This group is the decision-making part of a corporation. Its members share the power of deciding the course of action for a corporation. A. shareholders B. directors 3. This group's goal is to insure that the institution survives and that they keep their jobs. A. officers B. promoters 4. (True/False) Shareholders have the power to elect and remove directors. 5. Shareholders can appoint a third party, known as a to attend a meeting and vote in their place. 6. The fiduciary means that directors and officers must exercise due care when making decisions for the corporation. A. duty of decision B. duty of care