Appellate Practice Attorney serving New York, NY
Shareholders are not responsible for the management of a corporation. Many people own shares in IBM, Microsoft, Apple, etc. and have no management responsibilities whatsoever. Management is performed by employees and the board of directors. It is possible that there could be a shareholder vote on a particular course of action, but that is rare, and would generally involve a major event, not day to day operations.
Answered on Apr 11th, 2014 at 2:24 PM