Asked by
Sarah Walljasper
on Nov 30, 2024Verified
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.
Verified Answer
AL
Learning Objectives
- Acquire knowledge on the creation of corporate policies and the board's contribution to decision-making.
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