Officer
Filed Under: Corporate and Commercial Law
1 definition found for this term.
Definitions are presented in the order source books were published (most recent first).
Source:
A person appointed by the directors and certain other persons in a corporation to whom certain responsibilities to manage the business and affairs of the corporation are delegated. The 2001 amendments to the CBCA introduced a definition of officer on the following terms:
There are few requirements for officers. In most corporations, the offices are designated in a by-law, and the directors appoint people to fill them by resolution. See CBCA, ss. 2(1) and 121.