Business Structure
» Business Structure, Volume 4, Issue 7, 2004
If the business is a C-corporation.
3c. Does the Board of Directors exist as a true advisory body, or does it primarily exist to fill legal requirements?
| Response | ||||
|---|---|---|---|---|
| 1 | Advisory body | 27 | ||
| 2 | Legal requirements | 68 | ||
| 3 | DK/Refuse | 6 | ||
| Total (%) | 101 | |||
| N | 230 | |||
Notes: The Board of Directors in 68 percent of small, employing C-corporations exists primarily to fill a legal obligation rather than to serve as an advisory group (Q#3c).
