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by dahart
1776 days ago
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Where on earth did you get that idea? Corps aren’t always (or even usually) liable for subcorps, and subcorps are never liable for the actions of parent corps. The whole reason there are two separate legal entities is to establish separate liabilities & finances. https://en.wikipedia.org/wiki/Subsidiary |
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I also should have put my last sentence in its own paragraph.
I stand by this, and consider...
You are a CFO of a subsidiary. You have certain legal requirements. Only certain people may speak for your org, be it CxO level, or the board.
If you discover a board member speaking as if it has CxO level authority, or worse, some non-board, or CxO actor running around, claiming to represent your company on financial matters, you must seek and act on that malfeasance. You cannot simply allow someone, with your knowledge, to speak for your corp, without approval.
The board / directors appoint top execs, giving them executive power. No one else may claim it.
So, someone running around, negotiating salary deals, speaking for a subcorp? Very shady, hard to believe it would not get back to the board or that the board or executive branch did not know.