Corporate governance is the system of rules, practices, and processes by which a corporation is directed and controlled, and involves the balance of interests among the shareholders, board of directors, management, and other stakeholders.
The internal affairs doctrine is a legal principle that states that the internal affairs of a corporation, such as the rights and duties of the directors, officers, and shareholders, are governed by the law of the state of incorporation.
Internal affairs doctrine
A tag-along right is a contractual right that allows a minority shareholder to join a sale of shares by a majority shareholder, and receive the same price and terms as the majority shareholder.
Ultra vires is a Latin phrase that means "beyond the powers", and refers to an act or decision by a corporation that is outside the scope of its authority or purpose, and therefore invalid or voidable.
Corporate crime is a type of crime that is committed by a corporation or its agents, and involves illegal or unethical acts that harm the public, the environment, or the corporation itself.