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A board of directors is an executive committee that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws ...
Schwartz founded Onex in 1984 and took the company public in 1987. [2] In June 2007, General Motors sold Allison Transmission to financial investors Carlyle Group and Onex Corporation. In 2010, Onex and the Canada Pension Plan acquired English engineering firm Tomkins, though Onex only held 14% of shares. [3] At the end of 2017, Onex acquired SMG.
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The church by the nature of its organization may be entirely independent of other clerical associations; or maybe a subordinate part of some general corporation or denomination in which there are superior ministerial tribunals, with the general and ultimate power of judicature over the whole membership of the general organization. [1]
Directors' duties are a series of statutory, common law and equitable obligations owed primarily by members of the board of directors to the corporation that employs them. It is a central part of corporate law and corporate governance. Directors' duties are analogous to duties owed by trustees to beneficiaries, and by agents to principals.
Every investor in Onex Corporation ( TSE:ONEX ) should be aware of the most powerful shareholder groups. Large...
The president and secretary of a church corporation have no authority to make a promissory note unless authorized by the board of trustees. When the laws of the organization give control of matters to the board of trustees, the majority of the members of the church cannot control the action of the trustees contrary to the uses and regulations ...
Policy decisions at this level are usually made by a congregational Board or Council which can take one of several forms, as listed in the United Church policy and doctrine handbook, known as The Manual. Certain items, including budgets, major financial expenses, renovations, election of board members and changes to ministry personnel must be ...