Legal Question in Business Law in California

Re: business practices

I would say "no" to each proposition, but if the organization is large enough to warrant separate individuals holding the major offices, such separation is better than concentrating functions into just a few hands. Of course, just because a particular organizational structure is legal and not a conflict of interest per se doesn't mean all is well; if the individual in question is a crook or unethical, holding multiple offices will enhance the opportunity for mischief. Every organization that handles money or property needs a means for audit of its operations and finances.