Shareholders are the owners of the corporation. Shareholders invest equity in the corporation and share in the profits and losses through increased or decreased value of their shares or through distribution of dividends Shareholders act by voting at shareholder meetings. Shareholders elect the directors Shareholders approve or disapprove fundamental changes Directors Officers Piercing the Corporate Veil Interference with Shareholder Franchise Directors Officers Piercing the Corporate Veil Interference with Shareholder Franchise Corporate Form Special Problems of Close Corporations Corporate Form Corporate Structure Special Problems of Close Corporations Corporate Organization and Management