What group has the ultimate responsibility for protecting and managing interests of stockholders?

Protecting Shareholder Interests

There are essentially two groups responsibile for protecting and managing the interests of stockholders: the Board of Directors and the Management Team. Ultimately the responsibility falls with the management team, as they tend to be hands-on in the daily operations of a business. They should know what's going on and be held accountable for not reporting shortcomings, expectations, news, etc. in a timely manner to the Board and also to corporate shareholders.

Answer

The Board Of Directors is responsible to look after the interests of the stockholders. Among other responsibilities this implies supervision of internal controls to oversee that the laws are adhered to, that profits are generated and that proper external audits are carried out.

Improve Answer Discuss the question "What group has the ultimate responsibility for protecting and managing interests of stockholders?" Watch Question

First answer by Crystal. Last edit by ID3386416240. Question popularity: 18 [recommend question]

Also see on Answers.com

Research your answer:

Answers.com > Wiki Answers > Categories > Business and Finance > What group has the ultimate responsibility for protecting and managing interests of stockholders?

Our contributors said this page should be displayed for the questions below. (Where do these come from)
If any of these are not a genuine rephrasing of the question, please help out and edit these alternates.
In a cororation what group has the ultimate responsibility for protecting and managing the stockholders' interest?  In acorporation what group has the ultimate responsibility for protecting and managing the stockholders interests?  In a corporation what group has the ultimate responsibility for protecting and managing the stockholders interest?  What group has the ultimate responsibility for protecting and managing the stockholders interests with examples?  What group has the ultimate responsibility for protecting and managing the stock holders' interest?  What group has the ultimate responsibilty for protecting and managing the stockholders interests?  Whats a group that interests were ignored by the compromise that created the Constitution?  Who in a corporation is responsible for protecting and managing stockholders' interests?  What group has the responsibility for protecting and managing the stockholder's wealth?  Who in a corporation is responsible for protecting and managing stockholders interest?