Duties and responsibilities of Officers

Duties and responsibilities of Officers


What are the Duties and Responsibilities of Officers?

The obligations and responsibilities of officers are similar in nature to those of  In particular, officers have an obligation of honesty and loyalty as well as one of prudence and diligence. Officers may also share certain statutory obligations and liabilities with directors.

To learn more or to perform some compliance check out our site: https://www.corpcentre.ca/compliance-centre/ 

    • Related Articles

    • What are directors' duties and responsibilities

      What are directors' duties and responsibilities? A director must, in the performance of his/her duties, satisfy all the obligations imposed upon him/her by law as well as the corporation's Articles of Incorporation and By-Laws, and he/she must act ...
    • How do People Become Officers

      How do People Become Officers? The rules governing the appointment, functions, duties, removal and remuneration of officers are found in the corporation's By-Laws. These By-Laws need not be approved by the shareholders in order to have effect and ...
    • What are By-laws of the Corporation

      What are "By-laws" of the Corporation? The general By-Laws of the corporation govern the day-to-day activities of the corporation. The By-Laws vary depending upon the corporation, but in general they deal with matters such as the registered office, ...
    • Board of Directors Meetings

      What is a Board of Directors Meeting? There are two types of board of directors' meetings: (a) regular - these meetings take place at a fixed date as provided for in the By-Laws; and (b) special - this comprises all other meetings of the board of ...
    • What is corporate compliance or maintenance?

      Once a corporation is formed it has legal obligations to stay compliant with corporate laws and remain in good standing. These obligations are generally triggered when changes occur. These requirements are referred to “Corporate compliance” or ...