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The typical stepwedge is constructed of
RMBCA
The Revised Model Business Corporation Act, which guides the incorporation and operation of corporations in many U.S. states.
Disinterested Directors
Board members who do not have a personal or financial interest in a corporate decision, ensuring unbiased governance.
Conflict of Interest
A situation where a person's private interests might influence or appear to influence their professional judgment or actions, potentially leading to ethical issues.
MBCA
Stands for the Model Business Corporation Act, a template for state statute that provides a standard for corporate law.
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