Followers | 303 |
Posts | 4450 |
Boards Moderated | 2 |
Alias Born | 05/03/2007 |
Thursday, February 02, 2012 10:22:53 AM
1. The stockholders elect the directors.
2. The Board of Directors appoints the officers, including the President.
3. The officers run the company.
4. Certain significant corporate transactions entered into by the officers on behalf of the corporation require approval by the Board of Directors, and a smaller subset of those transactions require approval by a majority in interest of the stockholders.
"he constructed his own worthless deal to sell AIMH to Marchi and tried to get away from the proceeds"
I would call that nonsense except that I can't quite figure out what it means.
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