> All corporations must have a board of directors
It this a legal requirement, or is it just by convention? Has anyone ever experimented with alternate company structures?
It this a legal requirement, or is it just by convention? Has anyone ever experimented with alternate company structures?
The business and affairs of every corporation organized under this chapter shall be managed by or under the direction of a board of directors, except as may be otherwise provided in this chapter or in its certificate of incorporation.
† http://www.amazon.com/The-Shareholder-Value-Myth-Shareholder...
†† http://www.lawschool.cornell.edu/faculty/bio_lynn_stout.cfm
††† http://delcode.delaware.gov/title8/c001/sc04/index.shtml