In a corporation, who typically holds the authority for major business decisions?

In a corporation, the authority for major business decisions is typically held by the directors. The board of directors is responsible for overseeing the management of the corporation, making strategic decisions, and setting policies that guide the organization's overall direction. Directors act collectively to ensure that the corporation is managed in the best interests of the shareholders and are accountable for the performance of the corporation.

While shareholders own the corporation and have the right to vote on significant matters such as mergers or amendments to the corporate charter, they do not make day-to-day business decisions. Officers are the individuals who manage the daily operations of the corporation and implement the policies set by the directors; they carry out the directives given by the board but do not have the authority to make major decisions on their own. Registered agents act as the corporation's representative for legal and official documents but do not hold decision-making power regarding business operations. Hence, the board of directors is the correct answer, as they are central to making fundamental business decisions within a corporation.