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Corporations can take board action through informal means such as unanimous written consent. They can also establish committees to handle certain matters in lieu of full board approval. However, highly consequential decisions like mergers are typically reserved for the whole board. Shareholders elect directors at annual meetings and can call special meetings, but corporations are otherwise managed by or under the direction of the board of directors. The law of the state of incorporation governs internal cor

Author

Alyss A

Language

EN