Which of the following is NOT typically included in corporate by-laws?

Study for the Revised Corporation Code test. Prepare with comprehensive multiple-choice questions and detailed explanations. Boost your knowledge and confidence for your exam day!

The inclusion of criteria for hiring corporate staff is not typically found in corporate by-laws. By-laws are primarily concerned with the governance structure and procedural rules for a corporation, such as how meetings are conducted, the roles and responsibilities of directors and officers, and other operational guidelines critical to the organization’s functioning.

In contrast, the procedures for meetings of the board of directors are essential for regulating how meetings are held, including notice requirements, quorum, and voting procedures, ensuring that the board's activities are organized and lawful. Details regarding stock issuance are also crucial as they govern how and when shares can be issued, contributing to compliance with securities regulation and maintaining an accurate record of ownership. Specifications for corporate financial audits outline the requirements for financial transparency and accountability, vital for maintaining trust among stakeholders and satisfying regulatory obligations.

In summary, while by-laws focus on organizational governance and procedures, criteria for hiring staff tend to fall under operational policies or employee handbooks rather than the formal by-law structure.

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