Examlex
How do managers reduce excessive focus of subunit managers on their own subunits?
Corporate Form
A legal structure chosen for businesses that treats the company as a separate entity from its owners, providing limited liability and other legal protections.
Transferability of Shares
Refers to the ability of shareholders to sell or transfer their shares to another party, subject to the rules of the corporation and securities laws.
Ultra Vires
Acts performed by a corporation that are beyond the scope of its charter or legal authority.
Redress
The act of correcting a wrong or giving compensation for a harm done.
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