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    What group has the ultimate responsibility for protecting stockholders' interests?

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    In a corporation, what group has the ultimate responsibility for protecting and managing the stockholders' interests?

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    In a corporation the board of directors is ultimately responsible for protecting and managing the stockholder's interests. The board of directors consists of individuals who are elected by the shareholders of a corporation to act on behalf of them. Directors have a duty to shareholders to manage the affairs of the business in a prudent ...

    Solution Summary

    In a 184 word solution, the response clearly explains the responsibility issue.