The rules by which corporations govern themselves are called
A)indenture provisions.
B)indemnity provisions.
C)bylaws.
D)charter agreements.
E)articles of incorporation.

Question

Quizplus · Accepted Answer

The rules by which corporations govern themselves are called bylaws. Bylaws are a set of rules that companies set up to govern the day-to-day operations of the organization. They spell out the rights and obligations of the corporation, its officers, directors, and shareholders. Bylaws also describe matters such as the procedures for holding meetings, electing directors, and making decisions. Bylaws may be adopted by the corporation's board of directors or by its shareholders, and they are filed with the state in which the corporation is incorporated.

The Rules by Which Corporations Govern Themselves Are Called