Corporate Directors, Officers, and Shareholders

Introduction

Read the overview below and complete the activities that follow.

The three major groups of individuals within a corporation are directors, officers, and shareholders. Each has different interests, and in many situations their interests conflict. Statutory law ensures that the directors, officers, and shareholders work together to the benefit of all.

CONCEPT REVIEW:

In this activity, you will be expected to make associations between certain corporate duties and the various persons responsible for them. Before beginning this interactive, please review LO $22-3$ and $22-4$ in Chapter $22$ in your text. Pay attention to the different rights and responsibilities of directors, officers, and shareholders in a corporation.