MGT393H5 Chapter 26: Chapter 26 (Corporate Governance - The Internal Affairs of Corporations) - MGT393 (2019)
Document Summary
Corporate governance; structure of business corporations; directors; officers; duties; Corporate governance refers to the organization and management of the business and affairs of a corporation to meet its internal objectives and external responsibilities. The incorporating documents the articles of incorporation & the bylaws create the management structure within the corporation and establish the corporation"s own set of corporate governance standards. Publicly traded corporations are corporations that issue shares to the public. Also known as public corporations, widely held corporations, reporting issuers, and issuing corporations. Public offering refers to selling shares to the public, which must be done in compliance with provincial securities regulations. The structure of the modern business corporation. 3 basic groups are common to all corporations: the shareholders, board of directors, & the officers: board of directors: the governing body of a corporation, responsible for the management of its business & affairs.
