Question

What is not a component of a corporate arrangement pursuant to the OBCA?

1) Shareholders
2) Directors
3) Officers
4) Employees

Answer 1

4) Employees

The component not included in a corporate arrangement pursuant to the OBCA is employees.

Step-by-step explanation:

The component not included in a corporate arrangement pursuant to the OBCA (Ontario Business Corporations Act) is 4) Employees.

Under the OBCA, shareholders, directors, and officers are all important components of a corporate arrangement. Shareholders are the owners of the company who hold shares and have voting rights. Directors are elected by the shareholders and are responsible for the overall management of the company. Officers are appointed by the directors and hold executive positions.

Employees, on the other hand, are not considered a component of a corporate arrangement under the OBCA. While they play a vital role in the operations of the company, their rights and responsibilities are typically governed by employment laws rather than corporate governance laws.