BUS 393 Chapter Notes - Chapter 7: Derivative Suit, United Nations Global Compact, Limited Liability
16 Oct 2020
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Articles of incorporation: the constitution of a corporation that must be filed as part of the process of incorporation in most jurisdictions in canada. Bonds: a share interest in the indebtedness of a corporation. Broadly held corporation: a corporation that has many shareholders and is usually publicly traded on the stock market; also called a distributing corporation in some jurisdictions. Closely held corporation: a corporation in which there are relatively few shareholders with restrictions on the transferability of their shares; referred to as non-distributing corporations in some jurisdictions. Common shares: shares in a company to which no special rights or privileges attach. Conflict of interest: where a decision that would benefit the individual is not in the best interests of the organization as a whole. Debentures: a share interest in the indebtedness of a corporation similar to bonds. Debt financing: raising funds through the borrowing of money by selling bonds or debentures or through direct loans.
