Question

a) What is the purpose of a company’s bylaws?

b) Give 8 examples of what they should include.

Question 15 - a) What is the purpose of a company’s bylaws? b) Give 8 examples of what they should include.

Answer 1

Answer:
a)
The bylaws of an enterprise indicate the various strategies that influence the company's operations. A corporation's bylaws can contain arrangements relating to the ways it conducts its undertakings, the obligations of its chiefs and the duties of its officers and employees.

b) 8 examples of what includes company's bylaws are mentioned below:

• Structure of the organizations
• Role of people in the corporation
• How the corporation will conduct its affairs
• The corporation's fiscal year
• Who are responsible for the bylaw's and how to amend it
• An inspection of record book of the corporation process
• The place and time of the meeting of the shareholders, officers and directors.
• The title and compensation detail's of corporation officers

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