Asked by
Meaghan Dailey
on Nov 28, 2024
Verified
The initial board of directors of a corporation is normally appointed by the incorporators when the corporation is created.
Incorporators
Individuals who file the necessary paperwork and legally establish a corporation, becoming its initial shareholders and possibly its initial directors.
Initial Board
The first group of individuals appointed or elected to govern and oversee a newly formed corporation or organization.
Corporation
A legal entity that is separate and distinct from its owners, providing them with limited liability, and recognized as having rights and responsibilities.
- Become familiar with the role and configuration of a corporation's board of directors, including the procedure for their appointment and tasks.
Verified Answer
MS
Learning Objectives
- Become familiar with the role and configuration of a corporation's board of directors, including the procedure for their appointment and tasks.