Board of Directors
The function and makeup of a board of directors, including who sits on a board, how directors are elected, the board’s powers and basic fiduciary duties, and a look at board committees.
Track
Corporations: Charters, Bylaws, and Key Players
This program explains certificates of incorporation and corporate bylaws, discussing their respective roles in a company, how they can be amended, and other important aspects of these important corporate documents. The program also provides an overview of the key players in a corporation: its stockholders, the board of directors, and the main officers.
CLE Available
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11 min
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15 min
Bylaws
The role of bylaws in a corporation, including common components, how they can be amended, and important differences between public and private company bylaws.
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16 min
Certificates of Incorporation
A discussion of certificates of incorporation, including required and optional components of an initial certificate, how they change as a company grows, and the amendment process. Also covers the important differences between public and private company charters.
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7 min
Officers
A look at the main corporate officer roles and their duties, including which roles are required by law, how officers are elected and removed, and different types of signing authority.
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7 min
Stockholders
An introduction to the role of stockholders in a corporation, including who stockholders are, their rights, and their fiduciary duties.