Duties of Corporate People

Duties of Corporate People

Thesis Statement

This paper will discuss about the duties of corporate people that are important for the corporate processes. The paper comprises of the duties of officers, directors and shareholders of the corporation. This paper will also elaborate the significant responsibilities and difference between the closed corporation and publicly held corporation.

Introduction

According to the state laws, the corporation must have at least a president, a treasurer and a secretary. The president of any corporation is considered as the “Chief Operating Officer” (COO), the treasurer is the one who handle the financial obligations of the corporation ...