Legal responsibilities of each to the corporation

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A corporation includes various levels and types of governance: the Board of Directors, Officers, other management and finally the “rank-and-file” employees. Briefly explain the role and legal responsibilities of each to (a) the corporation and (b) the corporation’s shareholders. Who determines the corporation’s long-term strategy? Who decides how best to achieve those long-term goals? Who actually does the work to achieve the long-term goals?

Reference no: EM132300475

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