Discussion Post: Corporate Law and Governance
Why is it so important for the organizers of a corporation to make sure that corporate formalities are followed with regard to preincoropration and incorporation matters? If formalities are not followed, what are some possible consequences to the
o Promoters?
o Incorporators?
o Shareholders?
o Board of directors?
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.