A corporation is a man-made entity that combines a cultural need for consensus with the capitalist need for efficiency. A corporation's board of directors acts by consensus whereas corporate officers act in a military, hierarchical, and presumably efficient manner. Unfortunately, a hierarchy may hide and/or forget activities, which is why a functioning board is the key to good corporate governance.

Legal faculty, Jay Fountain, takes you through various corporate roles and responsibilities that support truly good corporate governance, from shareholders to the corporate secretary. This is essential information for effectively operating as a board in today’s legal environment.

Author: Jay Fountain, Faculty