charter

(redirected from Corporate charter)
Also found in: Dictionary, Thesaurus, Legal, Financial.

charter,

document granting certain rights, powers, or functions. It may be issued by the sovereign body of a state to a local governing body, university, or other corporation or by the constituted authority of a society or order to a local unit. The term was widely applied to various royal grants of rights in the Middle Ages and in early modern times. The most famous political charter is the Magna CartaMagna Carta
or Magna Charta
[Lat., = great charter], the most famous document of British constitutional history, issued by King John at Runnymede under compulsion from the barons and the church in June, 1215.
..... Click the link for more information.
 of England. Chartered companies held broad powers of trade and government by royal charter. In colonial America, chartered colonies were in theory, and to an extent in fact, less subject to royal interference than were royal colonies.
The Columbia Electronic Encyclopedia™ Copyright © 2013, Columbia University Press. Licensed from Columbia University Press. All rights reserved. www.cc.columbia.edu/cu/cup/
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Charter

 

(ustav), a body of rules regulating the structure, procedures, and activities of a state agency, enterprise, or institution or of a particular field of activity. Charters in the USSR include the Rules of Railroads of the USSR and the Statute on Secondary General-education Schools. Charters also regulate the armed forces of the USSR (see). Most charters are approved by the highest bodies of state authority in the USSR; the charters of some institutions and organizations are approved by the appropriate ministries and departments. Voluntary sports societies, the various artists’ unions, dacha-building and housing-construction cooperatives, and other organizations are also governed by charters.

Most international organizations have charters that outline their goals, organizational structure, and activities, for example, the Charter of the United Nations.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.

charter

1. a formal document from the sovereign or state incorporating a city, bank, college, etc., and specifying its purposes and rights
2. a formal document granting or demanding from the sovereign power of a state certain rights or liberties
3. the fundamental principles of an organization; constitution
4. 
a. the hire or lease of transportation
b. the agreement or contract regulating this
c. (as modifier): a charter flight
5. a law, policy, or decision containing a loophole which allows a specified group to engage more easily in an activity considered undesirable
6. Maritime law another word for charterparty
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
In addition, the materials provide an early example of accountability required in a corporate charter. In the discharge of this accountability requirement, the company adopted a stockholder review committee to oversee the annual reporting of the company to the stockholders.
In sum, Centros, Uberseering, and Inspire Art are not only a boon to the intra-Community market for corporate charters, but they may also herald an era of transatlantic charter competition.
Indeed, the internal affairs doctrine is easily characterized as an "externality machine." (22) Under the internal affairs doctrine, states compete for corporate charters on the basis of which state can provide a set of laws most beneficial to the decision makers--that is, directors and shareholders.
In that case, the Supreme Court held that a corporate charter "is a contract" protected by the Contracts Clause of the U.S.
That's not true of subsidies, land grants, and the other policies that Grossman and Adams list: They really are special privileges, whether enacted as a condition of a corporate charter or put in place some other way.
Staggered voting for boards of directors which can allow the perpetuation of management control, supermajority voting rules which require a two-thirds to three-fourths majority to approve changes to the corporate charter and bylaws, and other restrictions are tools that can be included in corporate charters that transfer control from owners to managers and serve to entrench managers.
IFE has dedicated that time to CBN in its corporate charter. "`The 700 Club' is the (channel's) raison d'etre," Gerbrandt says.
Professional organizations such as the American College of Physician Executives (ACPE) may have a corporate charter for business purposes and generally are governed by a set of by-laws, perhaps supplemented by a set of rules and regulations.
In its corporate charter, the company espouses a philosophy of autonomy, freedom, and independence.
Last, the duty of obedience says that directors and officers must perform their duties within the terms of the corporate charter and in accordance with all applicable statutes and regulations.

Full browser ?