Corporate Charter

Description of Corporate Charter. Explanation.

Definition Corporate Charter. Description.

The Corporate Charter is a legal document that is prepared during the formation of a corporation that states how the company should be governed. It normally states such things as: the name and legal form of the corporation, its place of business, the corporate mission, purpose, objectives, voting rights, rules and powers, protection mechanisms against hostile takeovers, rules of corporate governance, and classes of securities to be issued. It is also called: Articles of Incorporation and other similar terms depending on the country.

The term must not be confused with a Vision Statement nor with a Mission Statement.

Compare with: Corporate Governance  |  Preferred Stock  |  Strategic Vision  |  Organization Chart  |  Ultra Vires

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End of description Corporate Charter. An explanation.