are the owner(s)of the corporation; they have made an investment
(financial, property or maybe some expertise) in exchange for owning
some or all the stock of the corporation. In general, since the
stockholders elect the persons who serve on the board of directors,
the corporation is controlled by the stockholders. Stockholders
who own more than 50% of the corporation's common stock will have
the ultimate power in the running of the business.
The Directors are the main managers
of the corporation. They create the vision and set the course of
the corporation. They also elect the officers of the corporation.
The Officers, which are the President,
Secretary, and Treasurer, run the day-to-day operations of the corporation.
Each have their specific duty in the running of the corporation,
depending on the size of the company.
Other titles may be created, for
example: Vice President. The larger the corporation becomes, the
greater the need to delegate responsibilities.