Management and Organizational Studies 2275A/B Chapter Notes - Chapter 15: Legal Personality, Fiduciary, 18 Months

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Philip King

Document Summary

Chapter 15 the corporate form: organizational matters: the corporate defined, separate legal entity, liable for its own debts and other liabilities not shareholders, stakeholders in the corporation, pre incorporation issues, provincial and federal incorporation, all methods of creation of corporation allow corporation as a legal entity, owned by shareholders (internal and external), managed by board of director who owes fiduciary duties, federal corporation has a right to carry on business in all provinces, provincial corporation can only carry business within that province, shares and shareholders (share structure what kind of shares can be issued, classes of shares, it doesn"t give the owner or holder any right to use the assets of the corporation or any right to directly control or manage the corporation (can through director of board, shareholders can vote for the election of directors, receive dividends, share in proceeds on dissolution of the corporation, after the creditors have been paid, adam"s father.