Chapter 29: Operating a Corporation
Chapter Overview: Ready to Learn?
Corporations are managed by a group of directors, who meet and vote as a board to set policy. Corporate officers are appointed by and can be removed by the corporationís directors. Usually the shareholders elect and remove directors. The shareholders are both the owners and investors in the corporation. A corporationís directors and officers have a fiduciary relationship with the corporation. The corporationís officersí fiduciary duties are similar to those of agents. When studying this chapter, you will learn about corporate management as well as the duties of corporate managers as they conduct their business.
Legal Web Links: Need to Know More?
Surf the Internet for legal Web links.
A Web site sponsored by the University of Pittsburgh School of Law. Includes links for research and famous trials.
Real Cases: Did You Get It?
Apply the chapter material to real cases.
Self-Check Quizzes:Test Tomorrow?
Test your knowledge of chapter material with a self-check quiz.
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