COMMERCE 1B03 Study Guide - Midterm Guide: Koin, Union Representative, Rand Formula
26 Feb 2014
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Revenue ($ millions: manufacturers life insurance, suncor energy products, sun life assurance canada, bombardier aerospace, rio tinto alcan inc, bell canada. Defined as the process and the policies that determine how an organization interacts with its stakeholders, both internal and external. Corporate governance is necessary because of the evolution of public oownership. In public corporations, there is a separation between ownership and management, unlike other forms of organizations. As a result, the board of directors was created to represent the best interests of stockholders. Non-resident corporations: conducts business in canada but its head office is outside of canada (eg. foreign airline) Non-profit corporation: profit is not the primary objective. Crown corporations (federal and provincial: profit is the primary objective. Acquisition one firm purchases the property and assumes the obligations of another firm. Merger two firms forming one company: horizontal same or similar industry, vertical different stages of related business, conglomerate join firms in completely unrelated industries.
