When thinking about corporate governance and structure, what is a shareholder?

1. a shareholder is responsible for the day-to-day "hands on" management of the corporation.

2. a shareholder's duty is to manage or supervise the management of the business and affairs of the corporation.

3. a shareholder is a corporation's general counsel.

4. shareholders play little to no role in management. They have some rights, the most important right being the right to vote at shareholder meetings. 5. a shareholder is the corporation's auditor.