Questions: typically approve/disapprove of major decisions of the board
Multiple Choice
Directors
Proxy representatives
Stakeholders
Officers
Transcript text: typically approve/disapprove of major decisions of the board
Multiple Choice
Directors
Proxy representatives
Stakeholders
Officers
Solution
Answer
The answer is Stakeholders.
Explanation
Option 1: Directors
Directors are members of the board itself and are responsible for making major decisions. They do not typically approve or disapprove of the board's decisions as they are part of the decision-making process.
Option 2: Proxy representatives
Proxy representatives act on behalf of shareholders to vote on their behalf at shareholder meetings. They do not typically approve or disapprove of board decisions directly unless instructed by the shareholders they represent.
Option 3: Stakeholders
Stakeholders are individuals or groups that have an interest in the company, such as shareholders, employees, customers, and the community. They typically approve or disapprove of major decisions made by the board, as these decisions can impact their interests.
Option 4: Officers
Officers are executives of the company who implement the board's decisions. They do not typically approve or disapprove of the board's decisions as their role is to execute the board's directives.