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:
“If when a businessman speaks of minority employment, or air pollution, or poverty, he speaks in the language of a certified public accountant analyzing a corporate balance sheet, who is to know that he understands the human problems behind the statistical ones? If the businessman would stop talking like a computer printout or a page from the corporate annual report, other people would stop thinking he had a cash register for a heart. It is as simple as thatbut that isnt simple.”
—Louis B. Lundborg (19061981)
“Communism is a proposition to structure the world more reasonably, a proposition for changing the world. As such, we have to analyze it and, if we deem it reasonable, act upon it.”
—Friedrich Dürrenmatt (19211990)