Each person who subscribes for a stock, has a part of business and is named by the shareholder

Each person who subscribes for a stock, has a part of business and is named by the shareholder. All shareholders meet together, and they choose certain number of directors from their number. Directors choose the president, and other necessary officials, and direct the general way a policy of the company. As a rule directors do not have any salaries enclosed to their positions. [44] general meetings of shareholders as it is considered, choose once a year directors
And to hear messages of officials.