Who has the power to select and remove officers in a corporation?

The power to select and remove officers in a corporation is primarily held by the board of directors. This authority is grounded in the general understanding of corporate governance, where directors play a crucial role in overseeing the management of the corporation's business.

Specifically, the board is tasked with making significant decisions regarding the corporation's operations, which includes appointing officers who manage day-to-day activities. Officers, such as the CEO, CFO, and others, typically serve at the pleasure of the board, meaning that they can be removed by the directors as they see fit. This arrangement allows the board to ensure that the executives align with the corporation's objectives and perform effectively.

While shareholders hold substantial influence over major corporate decisions, including the election of directors, their authority does not extend directly to the appointment or removal of officers. Similarly, officers do not have the power to appoint or fire themselves, as this would present a conflict of interest. An executive committee, if established, may have some delegated powers from the board, but it typically operates under the broader authority of the entire board rather than independently.

Therefore, the correct choice emphasizing the role of directors highlights their fundamental responsibility in the corporate structure concerning officer management.