Study the structure of corporations, the governing instruments of a corporation (the articles of incorporation and bylaws), and how power is allocated among corporate actors, and finish with a brief look at the unique structure of close corporations.
Welcome to our clip on corporate organization!
In many ways, this clip is an introduction and overview of topics that we’ll cover in more detail in later clips, but it’s important from the outset that you have an understanding of how corporations are structured and how power is allocated between corporate actors. This will make it easier to understand how all of the pieces fit together.
We’ll begin with a discussion of the governing instruments that control the internal affairs of a...