State laws in the United States traditionally required certain positions to be created within every corporation, such as president, secretary and treasurer. Today, the approach under the Model Business Corporation Act, which is employed in many states, is to grant corporations discretion in determining which titles to have, with the only mandated organ being the board of directors.
State laws in the United States traditionally required certain positions to be created within every corporation such as president, secretary and treasurer. Today, the approach under the Model Business Corporation Act, which is employed in many states is to grant cor,porations discretion in determining which titles .to have, with the only mandated organ being ,the board of directors