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Defining Roles in a Corporation

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What is the role of a director of a corporation?
What is the role of an officer of a corporation?
What is the role of a shareholder?

Compare the roles. Are any of these roles similar? If so, how?

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Solution Summary

The defining roles in a corporation are examined.

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What is the role of a director of a corporation?

The Board of Directors has the ultimate legal authority for the management of the corporation. A director owes his or her legal duty to the corporation and the shareholders. A director is usually someone outside the company who assists in the direction of the corporate path. Most companies have a board of directors that have an odd number to avoid problems that could arise in the event of a "tie" in a key vote. Directors appoint corporate officers, oversee contracts, and make ...

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