BU231 Lecture Notes - Lecture 19: Harvard Step Test, Due Diligence, Secret Profit
Document Summary
Chapter 26: corporate governance: the internal affairs of the. Incorporating legislation: affairs: the relationship among a corporation and the shareholders, directors and officers, but does not include the corporation"s business, business: Means the external relations between a corporation and those who deal with it as a business. Corporate governance of publicly traded corporations: publicly traded corporations: Corporations that issue shares to the public, also known as public corporations, widely held corporations, reporting issuers and issuing corporations: publicly traded corporations are required to meet standards in. Cbca & provincial securities legislation: corporate decision makers should demonstrate: Decisions should be made through an open process. Disclosure: information should be available to the public. Decision-makers should be responsible for their conduct. Checks and balances: internal structures should bring irregularities to light. Structure of the modern business corporation: 3 basic groups common to corporations: Governing body of a corporation responsible for the management of its business and affairs.
