Examlex
Which of the following is NOT true?
Corporate Veil
A legal concept that separates the personality of a corporation from the personalities of its shareholders, and protects them from being personally liable for the company's debts and other obligations.
Corporate Privilege
A legal principle that allows corporations to withhold certain confidential communications from disclosure, often relating to legal advice.
Directors
Members of a company's board responsible for making strategic decisions, overseeing management, and ensuring corporate governance.
Corporate Obligation
Refers to the legal and ethical responsibilities that a corporation has towards its stakeholders, including employees, customers, shareholders, and the community.
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