In this presentation, speaker Craig Thorburn of Blake Cassels, Graydon looks at the start-up and administration of a business through a corporation with a focus on the efficient use of professional service providers, the management of the corporation through a board of directors and the relationships among shareholders of the corporation. More information, including webcast: http://www.marsdd.com/Events/Event-Calendar/Ent101/2008/advisoryboards-20080402.html

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2. The Role of Boards, Advisory
Panels and Service Providers
MaRS Entrepreneurship 101
Craig C. Thorburn
Blake, Cassels Graydon LLP
April 9, 2008

3. The Corporate Model
 Corporation
→ Separate legal person
→ Limited liability
 Triad
→ Shareholders
→ Directors
→ Officers
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4. Shareholders
 Shareholders
→ Election of Directors (also removal)
→ Appointment of Auditors
→ Entitlement to receive Dividends
→ Proceeds on Winding up
→ Approval of major changes
• sale of all or substantially all assets
• change of name
• change of articles of incorporation
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