Corporate Process There Are a Essay

Open, View, and/or
Download this Document

Total Length: 647 words ( 2 double-spaced pages)

Total Sources: 2

Page 1 of 2

They are held responsible by the CEO.

The shareholders of the corporate are the legal owners of the corporation. In most cases, they do not actively control the corporation, but rather are responsible for appointing the board to oversee the corporation on their behalf. The shareholders as owners have some entitlement to profits from the company, but the terms of that profit distribution are generally decided by management when it announces its dividends. The shareholders do have a small handful of legal responsibilities. They elect the board. They also vote to approve the auditors. Occasionally, such as when Arthur Andersen collapsed, shareholders may be compelled to vote outside of normal shareholder meetings. The shareholders also have certain rights of ownership such as the rights to the proceeds from the dissolution of a company, should there be any. The above definitions apply primarily to public corporations.

Stuck Writing Your "Corporate Process There Are A" Essay?

View All Our Example Corporate Process There Are a Essay

Have A Custom Example Essay Written

These roles may differ in privately-held corporations. The shareholders, for example, are more likely to play an active role in the governance of the company, in particular where the closed corporation is owned by a parent corporation or in the case of family-owned corporations. Directors in private corporations may perform similar roles to those of public corporations, but they may not have as strong an influence as proxies for the shareholders if the shareholders themselves are active in the management of the business. Their role may be characterize more as collaborators with shareholders and managers than skeptics and overseers (Raymond, 2005) Some private corporations may do away with directors altogether. The general function of the officers remains the same in private corporations, including their duty of care to the shareholders.

Works.....

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Corporate Process There Are A" (2010, September 24) Retrieved June 11, 2025, from
https://www.aceyourpaper.com/essays/corporate-process-8291
   

Open, View, and/or
Download this Document
order custom essay example