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By-laws are the primary legislative instrument of municipalities in Ontario, including the City of Toronto. City Council makes decisions by adopting or amending recommendations from its committees and City officials contained in reports and communications.
Corporate Bylaws are rules a corporation uses to organize its internal management. They outline meeting rules, voting rights, and the policies and responsibilities of the corporation's directors, officers, and shareholders. Corporate Bylaws are also known as: Company bylaws.
A set of Corporate By-laws is a crucial document that governs the operation of a corporation. By-laws are always enacted by directors and approved by shareholders to provide direction for matters relating to the operation of the corporation.
Incorporated organizations must have at least two types of governing documents: letters patent (now called ?articles of incorporation? under the ONCA) bylaws.
Corporate bylaws are a detailed set of rules adopted by a corporation's board of directors after the company has been incorporated. They are an important legal document for a corporation to have in place as they specify its internal management structure and how it will be run.
Bylaws - the purpose of these bylaws (the "Bylaws") is to provide rules governing the internal management of the Corporation. Chairman of the Board - Once a Board of Directors has been appointed or elected by the Shareholders, the Board will then elect a chairman (the "Chairman of the Board").