International Business Law
A body corporate is the most common form of business organization that is distinguishable by five characteristics; legal personality, limited liability, delegated management, transferable shares, and investor ownership. These characteristics would be common to any corporate entity regardless of their country of origin. In the wake of globalization, corporates are increasingly establishing themselves further and further away from home; all this in the ultimate pursuit of meeting the expectations of their shareholders. In a nutshell therefore, corporate entities are foremost accountable to their investors who in most cases will demand profitability and success.
However, the pursuit of profits should ...