Stewards are the owners of a company and are not accountable to anyone. Is this statement true or false?

The assertion that stewards are the owners of a company and are not accountable to anyone is false. Stewards typically refer to managers or those in leadership roles within an organization who are responsible for managing assets on behalf of the owners or shareholders. While they have significant authority and responsibility for decision-making, they are indeed accountable to the shareholders or owners of the company.

This accountability includes responsibility for the company's performance, ethical conduct, and adherence to legal requirements. Shareholders expect stewards to act in their best interests and to report on the operational and financial status of the organization. The relationship between stewards and owners embodies the principle of corporate governance, where stewards are entrusted with stewardship roles that require them to manage the company responsibly and transparently.

In summary, stewards are not only responsible for carrying out the directives of the owners but are also held accountable for their actions and decision-making processes within the company.