[QUESTION]

In a corporation, what group has the ultimate responsibility for protecting and managing the
stockholders' interests?

[ANSWER]

The correct answer for this question is as under.

[The board of directors.]

The board of directors is elected by the shareholders of a corporation to oversee and govern
management and to make corporate decisions on their behalf. As a result, the board is directly
responsible for protecting and managing shareholders' interests in the company.