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The Board of Directors has the general authority to carry on the business of the corporation and to initiate its policies, with wide discretion as
- The Board of Directors has the general authority to carry on the business of the corporation and to initiate its policies, with wide discretion as to the means to be employed. The shareholders who are real owners have through their voice in choosing the board, a weapon of control which can be effective if strategically used."
Analyse this description of power within a company.
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