On today’s episode, Richard Duquette discusses Corporate Culture and Bicyclist Part 3. Each corporation is unique and has its own bylaws. When dealing with the law, it is helpful to be completely fair and neutral. Tune in and learn about transparency, record keeping, and other related issues!

In the first episode of this series, Richard talked about rogue corporations, the different responsibilities, and particular case studies. The second episode tackled law and ethics, nonprofit categories, and other related topics.

There are things that can be done to promote nonprofits. And, group leaders have the responsibility to follow rules instead of their personal agenda.

Regardless of their type, corporations are required to keep a detailed record of their business. It includes records of finances and board meetings.

They may publish them online for the public to be aware of what’s happening. These records, however, should accurately reflect the things considered. Doing so helps minimize disputes.

Directors and officers may be removed per cause. Each corporation has its own procedures. Generally, the votes of the members count in the process.

The California Corporations Code Section 5221 specifies the grounds for removal. A director or officer may be removed if found guilty of: 1) unsound mind, 2) felony, and 3) breach of fiduciary duty.

To hear about Corporate Culture and Bicyclist Part 3, download and listen to the entire episode. Don’t forget to leave us a rating and review if you enjoyed the show. We would love to hear from you!

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