Which federal act or law regulates creation of corporations

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Assignment:

Answer All Questions In Own Wording Throughly

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1. In Canada, which federal act or law regulates the creation of corporations? Provide a definition of a corporation using your own words.

2. If a company has similar rights to a person, then shouldn't a cigarette company be allowed to advertise their products within reason (i.e. not to kids, not around schools, but adult orientated magazines, late night tv shows). Focus on equality under the law and not the morality of smoking cigarettes.

3. Provide a definition of Board of Directors using your own words? How does it relate to the management of the company? What are inside directors and outside directors? Which is better to have for a public company? Fully explain. Include a hand-made drawing if necessary.

4. Why would a company want to set-up/control more than one corporation under its control? For example Bell Canada Enterprises owns 100% of Bell Canada and 100% of Bell Media (CTV). Include words like liability or shareholders.

5. Whom would you want to help manage your corporation? Does it matter if the person has been accused or even guilty of ethical or moral lapses of judgement (making a rude comment etc.)? Do not mention actual people; mention skills, traits, or experience etc. Fully explain

6. Fully explain Retained Earnings, Share Capital and Dividends. What are they? Why are they important to a corporation and an investor? What occurs when the company experiences negative net income (an accounting loss)? What happens if these losses continue over time?

7. If all companies only focused on making a profit and increasing shareholder value, and not giving to charity, would society be better off? Explain.

8. Research a large well-known Canadian public company, such as Bell Canada, and provide the following information and answer any questions.

a. Full legal name of the corporation - show proof

b. List the members of the Board of Directors - highlight one person in detail

c. List the members of the senior management staff - highlight the CEO in detail

d. List all companies that the legal corporation controls - show proof

e. Based on your investigation, would you invest in this company? Explain.

Reference no: EM133369791

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