Examlex
What are the four common characteristics of successful control systems? What are at least four barriers to a successful control system?
State Corporate Statutes
Laws enacted by states governing the formation, operation, and dissolution of corporations within that state.
Fiduciary Duty
An obligation to act in the best interest of another party, such as the relationship between a trustee and the beneficiaries of the trust.
Breach of Fiduciary Duty
Occurs when an individual in a trusted position fails to act in the best interests of another party whom he or she has a duty to.
Derivative Suit
A lawsuit brought by a shareholder on behalf of a corporation against a third party, often the corporation's executives or directors, claiming breach of duty.
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