Which term refers to individuals elected by shareholders to run the business on their behalf?

• A. Delayering
• B. Delegation
• C. Directors
• D. Flat organizational structure

Answer: (C)

Directors are the individuals elected by shareholders to oversee the company and guide its strategy, appoint and monitor the chief executive, and ensure accountability and governance on behalf of owners. The board sets broad objectives, approves major decisions and budgets, and protects shareholders’ interests. The other terms describe structures or processes rather than the people who govern: delayering removes levels of management, delegation shifts authority to subordinates, and a flat organizational structure refers to a loosened hierarchy.