Corporate Officer Capacity

From Open Risk Manual

Definition

Corporate Officer Capacity. The capacity vested in a public officer of a company


Issues and Challenges

This is framed as a capacity: -an individual acts in their capacity of the role as CFO, CEO etc. but their legal liability rests in their relationship with the board itself i.e. comes from their membership on the board from a corporate standpoint.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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