Corporate Governance

How many votes is a supermajority? Parliamentary procedure requires that any action of a deliberative assembly that may alter the rights of a minority have a supermajority requirement, such as a two-thirds vote. Read more on en.wikipedia.org Important decisions are made using the supermajority voting technique in corporate and governmental organizations. A higher percentage of … Read more

Can the founder be on the board of directors? A founder can be a director and be on the board. In fact, they usually are. Starting out you as the CEO and the other founder (keep it to one) are directors. It’s going to be the COO or CTO, depending on your labels. Read more … Read more

How many shares can an S Corp have in Florida? While an S Corporation offers businesses some excellent advantages, it might not be the right choice for every business. The following restrictions apply: Florida S Corporations can only have 100 shareholders. Read more on flpatellaw.com Due to their pass-through taxation and limited liability protection, S … Read more

Can a company exist without shareholders? A Non-Stock Corporation is basically a corporation that does not issue shares of stock. It can be formed as either a for-profit or non-profit corporation. Since the Non-Stock Corporation has no shareholders, it is owned by its members ? meaning a member-owned corporation that does not issue shares of … Read more

Can a director not be a board member? Effective Governance Any qualified person can be appointed/seconded/co-opted to a committee of a board, either as a voting member or a non-voting member appointed for specific expertise. An alternate director could just be appointed in her/his own right. Read more on www.effectivegovernance.com.au The terse response to this … Read more

What should corporate minutes include? What should be included in meeting minutes? Minutes typically include: Meeting date, time, and location. Names of attendees and whether they missed any part of the meeting. List of those absent. Agenda items and brief descriptions. Any voting actions and how each individual voted. Time that meeting was adjourned. Read … Read more

Wex Inc. is a financial services company that provides fleet owners and enterprises with payment processing solutions. On the other side, Dun & Bradstreet is a leading global supplier of business analytics and data. Both businesses offer services to businesses, but they concentrate on different things. Do Wex and Dun & Bradstreet cooperate? The quick … Read more

How do corporations work? A corporation is a legal entity that is separate and distinct from its owners. Under the law, corporations possess many of the same rights and responsibilities as individuals. They can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes. Read more on www.investopedia.com … Read more

Can LLCs have directors? All corporations, regardless of the state, must have a shareholder-elected Board of Directors. An LLC is not required to have a Board of Directors, but can adopt this form of management if the members (the owners of the LLC) choose to do so. Read more on www.rocketlawyer.com Limited Liability For entrepreneurs … Read more

What are Section 16 officers? Section 16 Officer means a president, vice president, secretary, treasurer or principal financial officer, comptroller or principal accounting officer, and any person routinely performing corresponding functions with respect to the Company. Read more on www.lawinsider.com High-ranking company executives known as “Section 16 officers” are in charge of ensuring that the … Read more