Under Canadian corporate law, which of the following is a core power of the shareholders’ meeting

Under Canadian corporate law, which of the following is a core power of the shareholders’ meeting

Under Canadian corporate law, which of the following is a core power of the shareholders’ meeting?

A. Approving annual financial statements and auditor appointment

B. Managing daily business operations of the company

C. Hiring senior managers like CEO and CFO

D. Formulating specific operational plans for the company

Answer: A

Explanation: Shareholders hold residual ownership and vote on fundamental corporate matters; B, C, D are powers of the board of directors or senior management.