As a marketing agency we are often asked, “What is your client’s charter of a company?” This question is often put out there for clients to choose from and it always makes me cringe. It is something that seems like it should be a common sense answer. Maybe it is, but the thing is so rarely discussed that it’s almost hard to believe it’s a question you should ask. My answer: “Nothing.
The problem is that the only thing I know of that seems to be a common sense answer is the “code of ethics” that’s supposed to be in your business charter. The thing is, while it’s common to think that this code of ethics is something that should be written down, there is no one source of authority for this.
The problem is the idea that a company charter is a legal document, is that all that can be said. This is not how most companies work. It’s something that is handed down from company to company. The most common source of this comes from the board of directors of a company. They have the legal power to legally alter the charter of a company, but they are required to adhere to certain rules that they can’t change.
In my own experience, I have observed a company’s board of directors being more of a source of power than the company itself. They are the people that make the decisions for the company. They have the authority to change the company’s charter, but they are required to follow the rules that the company itself is not.
The problem with charter changes is that you can’t change your company’s charter. The company is required to follow the charter it was given. If the board of directors of a company refuses to follow the charter, then the company is legally bound by the charter it was given.
Charter is a term used to describe the way a company is set up. Like, if a company is set up to do a certain thing, then its charter will dictate how the company is set up to do it. Charter can be used in a lot of different contexts.
In the case of the New York-based company CharterTech, the company has a charter that sets it up to be a tech startup that helps build and run buildings, but the board of directors has never actually gone through with the idea of this. It’s just a vague suggestion, and they’ve never actually agreed to follow through on it. Not even a board meeting has taken place.
CharterTech, like many companies looking to get started, has a company charter that defines the services it will provide. The charter is a way for the founders to lay out what their company will be all about, and at CharterTech, the charter is just a vague guideline that the founder can use to explain their company to others. The charter is a way for the founder to say, “I want to create a product that solves a problem,” and the company can be run accordingly.
It’s all very vague, but it’s not really a board meeting either. CharterTech is a company run under the charter of CharterTech. The charter is just a vague guideline that the founder can use to explain their company to others.