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LegalCornerTM - Corporations F.A.Q.'s

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Q.What’s the difference between a Corporate Officer and Director?

A.At the annual shareholders meeting, the shareholders will elect the directors who in turn will appoint the officers of the corporation. While the directors are responsible for managing the major affairs of the corporation, it is the officers who are responsible for the day-to-day affairs of the corporation. By statute, corporate officers include a President (CEO), Secretary and Chief Financial Officer (Treasurer).

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