BU231 Lecture Notes - Lecture 24: W. M. Keck Observatory, Financial Statement, Whistleblower
Document Summary
A structure of standards by which business corporations is managed including the distribution of rights and responsibilities among different stakeholders. It is through these standards that company goals and obligations are met and monitored. There are two sources of standards are internal structure and external standards. Once you have decided which internal decisions are, then you can make decisions, if not everything you do is void. You must have ne at least director meetings a year, they are set out in legislation. Shareholders elect board of directors at annual meeting. Directors adopt bylaws, declare dividends, issue shares and call meetings. Ceo hires employees, runs he company and reports to the board. How the company runs, qualify as director, call a meeting, notices, quorum, signing authority, job description of officers, dividend process, and internal structure. The independent director or committee, chair & ceo. Directors and officers, obligations of disclosure, do not vote, shareholder confirmation.
