In accordance with corporate bylaws, stockholders elect a and rely on it to oversee the operation of their company and protect their interests.

Board of Directors

Explanation:

In accordance with corporate bylaws, stockholders elect board of directors and rely on it to oversee the operation of their company and protect their interests. Board of directors is basically a team of people who are being elected by the shareholder in order to represent them and protect their rights and interests  and to act and work on their behalf. Chairman is the head of the board of directors. They select, supervise and evaluate the performance of the managers. They provide and set the direction for the organization by making a governance system for the organization.

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