What group is elected by shareholders to oversee a company's operations?

The Board of Directors is the group elected by shareholders to oversee a company's operations. Their primary responsibility is to act in the best interests of the shareholders, making crucial decisions regarding the direction and management of the company. This includes setting policies, making strategic decisions, and ensuring the company's resources are used effectively and responsibly. The Board also has a fiduciary duty to protect shareholder interests and ensure transparency and accountability within the company.

In contrast, the Executive Committee typically consists of senior executives and is responsible for daily operations rather than strategic oversight. The Audit Committee is a subset of the Board of Directors focused specifically on financial reporting and compliance, while the Management Team refers to the group of executives responsible for managing day-to-day affairs, but not necessarily accountable to shareholders in the same way that the Board of Directors is. Thus, the Board of Directors plays a critical role in governance and strategic vision for the company.