Rutabaga near harvest Rutabaga is a hardy, cool-weather biennial vegetable grown as an annual. Rutabaga is grown for its large swollen root which has a purple or creamy brown or combination of both skin and yellow or white flesh. It is larger, denser, and sweeter than a turnip. Rutabaga has a rosette of smooth, deeply
What Is Corporate Hierarchy? The term corporate hierarchy refers to the arrangement and organization of individuals within a corporation according to power, status, and job function. In general, a hierarchy is any system or organization in which people or groups are ranked one above the other according to status or authority. While most corporations and businesses
What Is a Corporate Inversion? A corporate inversion—also called a tax inversion—is a process by which companies, primarily based in the U.S., relocate operations overseas to reduce their income tax burden. Companies who receive a significant portion of income from foreign sources may employ corporate inversion as a strategy because the foreign income is being taxed
What Is Corporate Kleptocracy? Corporate kleptocracy is a phrase that describes the greed of corporate executives who use underhanded tactics to siphon off wealth at the expense of shareholders. The phrase came into being as part of a report that accused ex-Hollinger CEO Conrad Black and his associates of allegedly embezzling hundreds of millions of
What Is Corporate Ownership of Life Insurance (COLI)? Corporate ownership of life insurance (COLI), or corporate-owned life insurance, refers to insurance policies taken out by companies on their employees, typically senior-level executives. The company is responsible for making the premium payments, and if the person dies, the company, not the insured person’s family or other heirs
What Is Corporate Refinancing? Corporate refinancing is the process through which a company reorganizes its financial obligations by replacing or restructuring existing debts. Corporate refinancing is often done to improve a company’s financial position. Through refinancing, a company can receive more favorable interest rates, improve their credit quality, and secure more favorable financing options. It
What Is Corporate Reimbursement Coverage? Corporate reimbursement coverage is a form of liability insurance that companies purchase to protect themselves against losses due to legal actions against their directors and officers. It is one of three components of directors and officers (D&O) liability coverage. (Directors and officers (D&O) liability coverage also includes side A, side
What Is a Corporate Resolution? A corporate resolution is a written document created by the board of directors of a company detailing a binding corporate action. A board of directors is a group of people that act as a governing body on behalf of the shareholders of a company. The board helps to set policies, appoint executives
What Is Corporate Sponsorship? A corporate sponsorship is a form of marketing in which a company pays for the right to be associated with a project or program. A common template for corporate sponsorships entails a collaboration between a nonprofit organization and a sponsor corporation, in which the latter funds a project or program managed
What Is Corporate Tax? A corporate tax is a tax on the profits of a corporation. The taxes are paid on a company’s taxable income, which includes revenue minus cost of goods sold (COGS), general and administrative (G&A) expenses, selling and marketing, research and development, depreciation, and other operating costs. Corporate tax rates vary widely by country, with some
