Shareholders elect management to run a company in their interest.
However, shareholders could still directly elect management board members if they so wished.
My own accountant is the secretary; the shareholders haven't elected a Board yet.
As is the case with ordinary companies, shareholders elect the five to 12 members of a typical fund's board.
Shareholders also elected two new members to the Omnicom board, bringing the total to 16.
These shareholders elected him to represent them at a meeting of the company in 1788, even though he was not yet of legal age.
Shareholders elect the board, which is responsible for policy.
In a public company, the shareholders elect the members of a board of directors.
Shareholders elect nine directors for two-year terms, one-third being elected each year.
Shareholders can also elect Independent directors - persons not associated with the promoters of the company.