blog writing #corporate power discussion questions

Power can be described as the capability, capacity, or ability to carry out a task. In business terms, corporate power is said to be the power and authority of business entities as per the governing and applicable laws entered into forming terms of the documents and agreements of a particular transaction. The supra vires theory is applicable to companies. Corporations are not allowed to operate outside of their authority (Seymour, 2022). The state laws, acts, case law, their articles of incorporation, and other legislation and bye-laws that are specified must be followed by them.