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Which of the following is not generally a power of the board of directors of a corporation?
Selecting officers
Declaring dividends
Determining management compensation
Amending the Articles of Incorporation
The requirement is to identify the item that is not generally a power of the board of directors of a corporation.Amending the Articles of Incorporation is correct because generally only the shareholders have the power to amend the Articles of Incorporation.The common law regards the articles of incorporation as a contract between the corporation, your state government and the shareholders of the corporation.
By: Srishti Gupta ProfileResourcesReport error
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