by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Corporate Governance Rating? Corporate governance is defined as a set of rules, mechanisms and practices that inform how a corporation is being operated or managed. Essentially, corporate governance drives transparency, fairness and accountability between a...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Kamikaze Defense? A kamikaze defense is a strategy used by a target company to foil a takeover bid by another company. When this strategy is used by a company, it entails the target company inflicting harm on itself to make itself unattractive to the...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Close Corporation Plan? A close corporation plan refers to a set of agreements that guide a closely-held company’s operation and ownership structure. This plan outlines ways to fund the corporation, how shares can be purchased by shareholders, the...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Keepwell Agreement? Keep-well agreement refers to a legal contract initiated by a parent company to its subsidiary, for the purpose of maintaining financial backing and solvency, throughout the agreed period. A subsidiary refers to a company with fifty...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is an Amalgamation?Amalgamation is a consolidation of two entities to form a single entity. When two small businesses or companies are combined to form one, amalgamation has occurred. This is a little different from merger and acquisition in which an entity is...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Corporate Charter? A charter is a legal document authorized by a state to recognize the creation of a corporate business entity. Some states issue a Certificate of incorporation, rather than a charter. The charter generally bears the seal of the state of...
