Management Structure
• Compare the actual governance of closely held
corporations, the actual governance of publicly held
corporations, and the statutory model of corporate
governance.
• Explain the role of shareholders in the management
of a corporation.
• Explain the role of the board of directors in the
management of a corporation.
• Explain the role of officers in the management of a
corporation.
• Explain management’s duties of loyalty, obedience,
and diligence.
