BU231 Chapter Notes - Chapter 26: Income Statement, Oppression Remedy, Retained Earnings
Document Summary
The affairs internal arrangements among those responsible for running a corporation the directors and officers and its main beneficiaries, the shareholders. The business the external relations between a corporation and those who deal with it as a business enterprise its customers, suppliers, creditors, and employees as well as government regulators and society as a whole. The ceo should not also hold the position of chair of the board. The corporation should establish separate, independent committees of the bard to address executive compensation and nomination of board members. The corporation should adopt and publish a code of ethics . Corporate governance the rules governing the organization and management of the business and affairs of a corporation in order to meet its internal objectives and external responsibilities. The canada business corporations act (cbca) and the corresponding provincial statutes draw a broad distinction between two aspects of a corporation"s activities:
