One big difference between articles and bylaws is how you amend them. To amend the charter, you have to comply with whatever your state's requirements are. In some states, for instance, you'll have to hold a shareholder meeting to make the changes. Corporate directors have much more freedom...
Yes, understanding commercial law is crucial for small businesses, especially for contracts, sales, and consumer protection matters. 14 What is the main difference between commercial and corporate law? Commercial law deals with business transactions and commercial activities, while corporate law focuses ...
In some cases, a company's annual report and its yearly 10-K filing are the same document. Companies can choose to provide their form 10-K to shareholders, rather than creating a separate annual report. In these cases, there are no differences between the annual report and the 10-K;...
In considering the connection between association vs. organization, the members of both bodies have a common interest or purpose. In either case, by learning the nuances of each term, boards will have a better understanding of their own organizations and those they partner with. Here, we’ll t...
No, the military has both officers and enlisted ranks. 8 What is the role of a company's Chief Executive Officer (CEO)? A CEO oversees the overall direction, strategy, and operations of a company. 7 What's the difference between a police officer and a Chief Financial Officer? A police...
Board and Governance The board is responsible for creating the company’s bylaws, which are a set of core policies that outline the company’s mission, values, vision and structure. On an as-needed basis, the board creates and approves major policies for board governance. ...
10. Board and management issues. 11. Liability Issues 12. Questions © 2010 AKT LLP 4 Ron’s Observations • The distinction between governance and management varies from organization to organization, and from time, within each organization. • When the board steps out of its role, it can...
In other words, how do municipalities act in their policies between the Lefèb-vrian standpoint of the right to the city and the group right to difference? Inthe former case municipalities should prohibit practices such as “modestywalls” in the city as they deny the “right to use” of ...