majority powers means majority members are more powerful or majority shareholders are more powerful
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Answer:
the major or more correctly the majority shareholder, as he or they have the power to completely replace the sitting board of directors if they really wanted to, and this includes the chairman of the board. The CEO has power to hire and fire and run the corporation on a day to day basis, but could also be fired by the board of directors, if they saw fit to do say. So it is all a really bit complicated, but really not so much, when you understand how all three pieces fit together. But the simple answer to your question is the major or majority shareholder has the most power, because they literally own the largest share of the company, as compared other minority share holders.