Video: Corporate Structure

In this lesson, Nick Palazzolo, CPA, breaks down the intricacies of corporate structure and its relevance to an organization's hierarchical framework. He explains the roles of critical players such as the audit committee, board of directors, and shareholders, and how they interact within a business's ecosystem. Nick elucidates the concept of fiduciary duty and its significance in the corporate world, emphasizing that board members and other key figures are legally bound to act in the best interest of the stakeholders they represent. He stresses the importance of understanding these relationships and their implications for corporate governance and decision-making, offering a clear and engaging overview of how each piece of the corporate puzzle fits together.