Examlex
All of the following statements are correct except
Abuse of Corporate Powers
Unethical or illegal use of company authority for personal gain or to manipulate or harm others.
Corporate Dissolution
The formal process of dissolving a corporation's legal existence.
Voluntary Action
An act undertaken by choice or free will, often implying a decision made without external coercion.
Board of Directors
A group of individuals elected by shareholders to oversee and make major decisions for a corporation.
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