mkt100 Lecture Notes - Lecture 2: Canada Business Corporations Act, Internal Control, Risk Management
Document Summary
Explain the basic principles of corporate governance in canada. An organization can incorporate under federal, provincial, or territorial law. If registered federally is governed by the canada business corporations act (cbca) If incorporated provincially, it will fall under one of the provincial corporation acts, such as the. Benefits of incorporating include (but are not limited to): The system by which companies are directed and controlled. Boards of directors are responsible for governance. Emergence of corporate governance ever since early 2000"s. Sarbanes-oxley act was created in 2002 and set new or more strict requirements for public company board of directors, managers and auditing firms. Enron, tech company is texas, (cid:862)the most innovative company in the world(cid:863), management team setting up holding company would hold the debt of company (investors would not see their dead). Auditors at the time let some (cid:862)thi(cid:374)gs(cid:863) go. A body of elected or appointed members who jointly oversee the activities of a company or organization.
