by TheBusinessProfessor | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is an Independent Outside Director?An independent director is otherwise called an outside director. This is a member of a company’s Board of Directors (BoD) this is selected outside of the company. This means this director is not an employee or top...
by TheBusinessProfessor | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Stock Split?A stock split is a transaction by a company dividing its current shares into two – resulting in twice as many outstanding shares. The company takes this step in order to increase its business by increasing the value of shares. There is a...
by TheBusinessProfessor | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Private Foundation?A private foundation is a non-profit organization that executes charitable projects to serve a good cause. This foundation is a non-governmental organization, otherwise called a charitable organization whose projects and finances are...
by TheBusinessProfessor | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Board of Trustees?Board of Trustees is a group of individuals that oversee the affairs of an organization. Board of trustees is often appointed or elected to supervise the management of an organization. Board of Trustees can be found in a business, an...
by TheBusinessProfessor | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Personal Service Corporation?A personal service corporation refers to a corporation purposely created by professionals to provide personal services and take advantages of a lower rate of taxation on profits. The owners of the corporation provide the...
by TheBusinessProfessor | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is an Outside Director?An outside director refers to an independent director of a company who is not an employee of the company. A member of a company’s board of directors who is not a stakeholder in the company and has no financial relationship with the...
