9.2 RIGHTS, DUTIES, LEGAL OBLIGATIONS, AND AUTHORITY OF OWNERS AND MANAGEMENT

Question 1

WHAT IS THE CORPORATE PYRAMID STRUCTURE?

Answer 1

SHAREHOLDERS ARE PASSIVE INVESTORS WHO’S INPUT INTO CORPORATE MANAGEMENT IS VOTING FOR DIRECTORS. DIRECTORS THEN SET OVERALL CORPORATE POLICY AND SELECT OFFICERS; OFFICERS ARE AT THE TOP MAKING DAY TO DAY DECESIONS THAT BIND THE FIRM

Question 2

WHAT ARE THE MAJOR FUNCTIONS OF THE BOARD OF DIRECTORS?

Answer 2

SEE SCREENSHOT

Question 3

WHAT ARE SHAREHOLDERS RIGHTS?

Answer 3

SEE SCREENSHOT