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In general terms, the principals of a corporation are the owners or investors, referred to as shareholders or stockholders. The agents of the corporation are generally considered to be the board of directors, officers or other persons the corporation authorizes to act on its behalf.
A PRINCIPLE can be defined as: An accepted or professional rule of action or conduct A fundamental, primary or general law or truth that may be used in deciding conduct or choice A guide or generic indicator for decision making Examples of Principles Principles of Personal Ethics.