ESBv2 Marketing Essentials Practice Exam

The role that specifically involves voting on the management of a company, including the potential removal of the CEO, is indeed the Board of Directors. The Board is responsible for the overall governance of the company and holds the authority to make significant decisions regarding the management team, including appointing and dismissing the CEO. Members of the Board are elected by the shareholders and represent their interests, but it is the Board itself that directly engages in the governance and decision-making process about corporate leadership.

Shareholders, while they do have voting rights related to significant corporate decisions, generally do not vote directly on management day-to-day matters but rather on broader topics, including the election of Board members, who then manage or oversee executive decisions. Hence, the distinction lies in the given responsibilities and authority of each role within the corporate structure.