Abstract
<p>Corporate of joint-stock companies with the rule of law is done by a group of directors as the Board of Directors and the CEO assignment but corporate of other firms such conduct is not legally binding and can also pay a manager to manage them individually that this a great damage because of his individual actions contradict interests of the firms and director, he/she will be taking a personal interest and this not only for the third parties but also for partners will be susceptible to harm and great responsibilities. The studies in this paper indicate that the authorities and duties of managers in joint-stock companies in law stated separately but about the other trade, generally known as a lawyer and representative. Managers of joint-stock companies must be in accordance with the law and the resolutions of the General Assembly and the Board of Directors' decisions on corporate governance but in other trade firms, most of the managers' authorities, is general.</p>
Highlights
Rapid technological growth and the development of great civil and commercial projects make more the need of society to joint-stock companies and with the advent of computers and new software, Corporate governance is more sensitive and because the consistency of the company's profits depend more on the state of the Board of Directors of the Company (Ebadi, 1989) has resulted in the creation of changes in terms of corporate governance
Corporate of joint-stock companies with the rule of law is done by a group of directors as the Board of Directors and the CEO assignment but corporate of other firms such conduct is not legally binding and can pay a manager to manage them individually that this a great damage because of his individual actions contradict interests of the firms and director, he/she will be taking a personal interest and this for the third parties and for partners will be susceptible to harm and great responsibilities
The studies in this paper indicate that the authorities and duties of managers in joint-stock companies in law stated separately but about the other trade, generally known as a lawyer and representative
Summary
Rapid technological growth and the development of great civil and commercial projects make more the need of society to joint-stock companies and with the advent of computers and new software, Corporate governance is more sensitive and because the consistency of the company's profits depend more on the state of the Board of Directors of the Company (Ebadi, 1989) has resulted in the creation of changes in terms of corporate governance. Any profits be divided without observing the provisions of this Act, shall be deemed fictitious profits ...)) and in Article 258 of the law states: "The following persons in custody corrections will be sentenced from one year to three years: The chairman and members of the Board of Directors and the CEO without a statement of assets and balance sheet or statement of assets and balance sheet according to hypocrisy, are divided between the imaginary interests of shareholders ..." The Annual General Assemblies and approved the company's executives after the approval of the balance sheet and profit and loss account of the company, the General Assembly requested that they be recoupment for the past year and the General Assembly considered the report of the directors and auditors and check them has to give them recoupment or the recoupment will be subject to further investigation (Sotoodeh Tehrani, 2008). Board of Directors if that does not fulfill this legal obligation is to blame, and especially if the company fails to meet its obligations do managers will be responsible personally
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