Examlex
Members of a virtual organization have less control over the functions performed than do other types of organizational design.
Good Faith
Acting with honesty and sincerity without any intention to defraud or seek unfair advantage.
Model Business Corporation Act
A set of model statutes prepared by the American Bar Association to provide a standard framework for the incorporation and governance of corporations in the United States.
Indemnified
Protected or secured against financial loss or other legal liabilities.
Nominating Committee
A group within an organization responsible for proposing candidates for board of directors or other leadership roles, ensuring suitable and qualified nominations.
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