Corporate Power
/ˈkɔːrpərət ˈpaʊər/
Definitions
- (n.) The legal and economic capacity of a corporation to make decisions, enter contracts, and exert control over resources and personnel.
The board exercised its corporate power to approve the merger.
- (n.) The authority granted by law or governance documents to a corporation to act and bind itself legally.
Corporate power allows a company to sue or be sued as a separate legal entity.
Forms
- corporate power
Related terms
See also
Commentary
Corporate power is often defined by statutes and articles of incorporation, delineating the scope of a corporation's legal capacities and limitations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.