/kɔːrpəˈreɪʃən ˈbaɪlɔː/ – Phrase
Definition: điều lệ công ty.
A more thorough explanation: A corporation by-law is a set of rules and regulations established by a corporation to govern its internal affairs, operations, and decision-making processes. By-laws typically outline the rights and responsibilities of shareholders, directors, and officers, as well as procedures for holding meetings, electing officers, and other corporate governance matters. By-laws must comply with applicable laws and regulations and are legally binding on the corporation and its stakeholders.
Example: According to the corporation by-law, all board members must disclose any potential conflicts of interest before voting on company matters.