MGMT 3100 Lecture Notes - Lecture 8: Committee, Public Offering, Canadian Business
27 Dec 2015
School
Department
Course
Professor
Document Summary
Organization and management of the business and affairs of a corporation to meet internal objectives and external responsibilities. Articles of incorporation and bylaws: create management structure within the company and establish governance standards. Section 102: directors must manage or supervise management of the business and affairs of the company officers: affairs: relationships among a corporation and shareholders, directors, and, business: external relationships btwn. A company and those that deal with it as an enterprise; customers, suppliers, employees, creditors, gov"t regulators, society. Public company: issue shares to public; known as distributing corporation: must meet standards in canadian business corporations act and provincials securities legislation, principles underlying the legislation: independence of decision makers, transparency, disclosure, accountability, organizational checks/balances, recommendations: Ceo should not be chair of the board. Company must have separate, independent committees of board to address exec. Corporation should adopt and publish code of ethics. Public offering: selling shares to the public = must be in compliance with provincial securities regulations.
