What is the basic corporate structure?

The most common corporate structure in the United States consists of a board of directors and the management team. The top of most management teams has at least a Chief Executive Officer (CEO), a Chief Financial Officer (CFO), and a Chief Operations Officer (COO).

What is the company Basic?

BASIC is a third-party administrator, and one of the first to administer Flexible Spending Accounts in the nation. BASIC is a Technology Driven HR Compliance Company focused on delivering administrative and technology solutions to assist Human Resource Departments throughout the United States.

What is basic CDA?

That’s why BASIC is proud to introduce our new Consumer Driven Accounts (CDA) system, a modern way to manage employee benefit accounts. When participants are enrolled in a BASIC CDA plan, they’ll receive their own BASIC Card (a smart benefits debit card) and access to a personal MyCash reimbursement account.

What is the basis of corporate governance?

Corporate governance entails the areas of environmental awareness, ethical behavior, corporate strategy, compensation, and risk management. The basic principles of corporate governance are accountability, transparency, fairness, and responsibility.

How does a corporate work?

How Do Corporations Work? A corporation is required to name a board of directors. Every public company is required to install a board of directors. The elected members to the board of directors owe a duty of care to the shareholders, and they must act in the best interests of the shareholders and the corporation.

What is Cobra Basic?

The Consolidated Omnibus Budget Reconciliation Act (COBRA) is a federal law passed in 1986 that lets certain employees, their spouses, and their dependents keep group health plan (GHP) coverage for 18 to 36 months after they leave their job or lose coverage for certain other reasons, as long as they pay the full cost …

What are some basic benefits?

Employee benefits aren’t cheap, but offering good benefits can result in attracting the best workers.

  • Medical Insurance.
  • Life Insurance.
  • Disability Insurance.
  • Retirement Benefits.
  • Vacation.
  • Family Leave.

What are the basic employee benefits?

Vacation, health insurance, long-term disability coverage, tuition reimbursement, and retirement savings plans are just a few of the many benefits employers may offer employees.

What is Basiconline?

About Us. BASIC provides an HR ecosystem to employers and health insurance agents nationwide, with a suite of HR Benefit, Compliance, Payroll, and Leave Management solutions offered independently or as part of a platform of services.