by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is the role of state law in corporate governance? State corporate law is the primary law governing corporate governance and operations. Each state passes its own statutory corporate laws and develops its own common law surrounding those statutes. Shareholders...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What state and federal laws primarily contribute to corporate governance? Regulation of corporate governance practices is a mixture of state and federal law and organizational requirements. Below is a list of the primary state and federal laws and stock exchange rules...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is the role managers (Executives) in the corporation? Managers control the daily operations of the corporation. The senior managers are the officers of the corporation. The most senior positions are often directly chosen by the board of directors. The board then...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What other protections exist for directors acting in their official capacity? Directors (and officers) of corporations often have a layer of protection from personal liability beyond the business judgment rule. Many corporations purchase director and officer insurance...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
Who are the members of a corporation? The corporation is made up of shareholders, directors, officers, and employees. Shareholders are the owners of the corporation. Directors undertake the high-level management and decision-making for the corporation. Officers (and...
