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Sarah Walljasper
on Nov 30, 2024

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The RMBCA states that "all corporate powers shall be exercised by or under the authority of, and the business and affairs of the corporation managed under the direction of, its:

A) board of directors."
B) chief executive officer."
C) officers."
D) shareholders."

RMBCA

The Revised Model Business Corporation Act, which provides a model framework for the governance of corporations, intended to standardize corporate law across jurisdictions.

Board of Directors

A group of individuals elected by shareholders to oversee the management and make key decisions for a corporation.

  • Acquire knowledge on the creation of corporate policies and the board's contribution to decision-making.
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AL
Alyssa LopezDec 06, 2024
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