Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN: 9781337485913
Author: BROOKS
Publisher: Cengage
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Why are corporations more difficult to form and subject to more government restrictions than the other forms of business organizations?
What would happen to the corporation if it failed to file by-laws? Would it dissolve the corporation?
When a corporation is dissolved due to fraud, graft, and corruption, can innocent employees and stockholders have claims over the asset of the corporation after satisfying all its liabilities?
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- How do corporate governance ethics programs help avoid legal problems for corporations?arrow_forwardWhat if the chairman and president of the corporation are not around, and the bylaws did not provide as to who shall preside meetings. Will anyone be able to temporary preside at meetings?arrow_forwardDo those who are unable or unable to operate under a conventional corporation's limitations have a predisposition toward starting their own business? Is there a reason for this or not?arrow_forward
- Why do S Corporation owner/employees generally prefer to pay themselves a low salary for services rendered to the entity?arrow_forwardDo you believe that corporate governance is only exercising power over entities by managing them?arrow_forwardA court does not have the power to remove a director when: Multiple Choice petitioned by shareholders. it finds that the director engaged in fraudulent conduct. it finds that the director intentionally inflicted harm on the corporation. it believes removal would help the corporation operate more globally responsibly.arrow_forward
- What is the reason why close corporations are not allowed to engage in mining or oil companies, stock exchanges, banks, insurance companies, public utilities, educational institution, and corporation to be vested with public interest?arrow_forwardWhy there is a need to have a provisional director? What is his role in settling the occurrence of deadlock in a close corporation?arrow_forward
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