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A corporation's first directors are either named in its articles of incorporation or elected at the organizational meeting. They serve until the shareholders hold their first meeting and elect their successors. Thereafter, directors serve until the next annual shareholders' meeting.
A public company's board of directors is chosen by shareholders, and its primary job is to look out for shareholders' interests. In fact, directors are legally required to put shareholders' interests ahead of their own.
The board of directors of a public company is elected by shareholders. The board makes key decisions on issues such as mergers and dividends, hires senior managers, and sets their pay. Board of directors candidates can be nominated by the company's nominations committee or by outsiders seeking change.
The shareholders are responsible for electing the directors of a company?this is typically done at the annual shareholders' meeting, where shareholders vote to approve a slate of directors proposed by the company's management.
Once the corporation is up and running, directors are typically elected by shareholders at annual meetings. As suggested by its name, the board of directors "directs" the corporation's affairs and business path.
Alaska Native regional non-profit organizations were created to provide social services and health care for Alaska Native peoples. The specific objectives of the organizations vary but generally focus on health, cultural, and educational opportunities.