Card Set Information
The exercise of authority over the members of a corporate community based on formal structures, rules, and processes.
The document that authorizes formation of a corporation
The legal duty of a representative to manage prperty in the interest of the owner
Sarbanes Oxley Act of 2002
A federal statute designed to prevent financial fraud. It enacted new regulations on auditing, financial reporting, and legal compliance
Directors who are employees of the company
Directors who are not employees of the company
Outside directors who do not have business dealings with a corporation that would impair their impartiality
An independent director who chairs regular board meetings of other independent directors
organizational investors that buy shares in publicly traded corporations.
A document sent to share holders before the annual meeting that sets forth matters requiring their vote.
The right to buy the company's stock at a fixed price in the future and under conditions determined by the board of directors
Shares of company stock awarded after a fixed period of years if individual and company performance goals are met
A grant of stock with restrictions. it cannot be sold until certain conditionsare met, most often the lapse of a time period or meeting a performance goal.
setting the exercise price of stock options at the price on a date before the date they were granted
Granting options shortly before good news causes a share price rise.