The stockholders elect a board of directors to act on their behalf.The board hires managers to run the corporation on a daily basis. The stockholders become partial owners of the corporation.The corporation uses the money received from selling the stock to set up and run the business.
foundation
In an indirect democracy, people elect representatives to act on their behalf.
Board of
board of director's
The board of directors
A republic
Common stockholders are most concerned with increasing the value of the stock they own. They elect the company's Board of Directors, which is supposed to guide the company in such a way that the value of their shares increases over time.
Indirect democracy means citizens elect representatives to make laws on their behalf.
When the principal is unable or unwilling to act on their own behalf and another entity must act on their behalf in some legal matter.
We will engage a solicitor to act on your behalf in your court case regarding drink driving.
The synonymous term is on one's behalf. To act in one's behalf could be representing. A person who acts on your behalf is an agent or attorney.
State laws