The Commission oversees every privately held corporation. False
The corporation is an legal entity which owners are indeed the shareholders, who also elect the board of trustees responsible for overseeing the business activities of the corporation. The company, not the investors, is in charge of the day-to-day management and financial health of the company.
A corporation's mission is to conduct legal, moral, profitable, and sustainable business operations in order to generate value over the long term. To do this, it must take into account the stakeholders who are essential for its success (stockholders, employees, clients, suppliers, creditors, and communities), as ascertained by the corporation.
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