Answer is board of directors.
As the business is involved in a variety of management activity, it requires a clear structure and a proper lobby of managers who can manage the organization and its numerous duties.
A stockholder is a corporation shareholder or a person who owns at least one share of an organization's capital stock. Stockholders are the majority of the company's owners, and they often obtain the company's success in the form of increasing stock worth.
The president of a corporation is directly elected by the firm's stockholders.
Therefore, the answer is Board of directors.
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