LAWS 3201 Study Guide - Final Guide: Canada Business Corporations Act, Xerox, Fiduciary
9 Feb 2018
School
Department
Course
Professor
Document Summary
Initial registered office address & first board of directors: articles of incorporation, a name-search report for the proposed name the prescribed fee for incorporation (i. e. ) Under the cbca it is necessary to file the following specified material with corporations. In mid-sized to larger corporations they are not in the office every day they meet at regularly scheduled board meetings or, on short notice, to deal with any emergencies facing the corporation. Corporate stakeholders are parties like the government (which collects taxes) and creditors (e. g. banks, private lenders, etc. , which deal with and/or contract with the corporation) but they are not in any of the three groups highlighted above. Four typical conflict-of-interest situations for fiduciaries (which they need to avoid) 1. personal gain for the director or officer when dealing with the corporation. 2. director or officer taking advantage for himself of opportunities that he was under a duty to try and obtain for the corporation.
