Corporate Structure
The MSU was incorporated in 1971 as a non-profit organization without share capital. For corporate purposes, including major financial decision-making and dealings with full-time staff members, the political organs of the union can reconvene in a corporate rather than political format—the Student Representative Assembly serves as the voting members of the corporation, with the four sabbatical officers assuming the role of a corporate Board of Directors. The Board oversees day-to-day operations and an annual operating budget of over $13 million.
Read more about this topic: McMaster Students Union
Famous quotes containing the words corporate and/or structure:
“The corporate grip on opinion in the United States is one of the wonders of the Western World. No First World country has ever managed to eliminate so entirely from its media all objectivity—much less dissent.”
—Gore Vidal (b. 1925)
“The philosopher believes that the value of his philosophy lies in its totality, in its structure: posterity discovers it in the stones with which he built and with which other structures are subsequently built that are frequently better—and so, in the fact that that structure can be demolished and yet still possess value as material.”
—Friedrich Nietzsche (1844–1900)