Examlex
Why was the classification scheme devised by Linnaeus such an improvement over those used in his day?
Derivative Suit
A suit to enforce a corporate right of action brought on behalf of a corporation by one or more of its shareholders. Also called derivative action.
Corporation
A legal entity that is separate from its owners, providing limited liability protection, with the capability to own assets, incur liabilities, and enter into contracts.
CEO
The Chief Executive Officer, responsible for the overall management and decision-making of a company.
Preemptive Right
A shareholder's right to buy new shares in a company before they are offered to the public, to maintain their ownership percentage.
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