According to the United States Flag Code, hanging the flag upside down is a signal that the owner of the flag is in extreme danger. The person's life or property has to be threatened. If the flag is hung upside down, military personnel recognize this as a call for help.
corporate citizenship. 1. The legal status of a corporation in the jurisdiction in which it was incorporated. 2. A company's role in, or responsibilities towards society. See corporate social responsibility.
Characteristics of a Corporation. A corporation is a legal entity, meaning it is a separate entity from its owners who are called stockholders. A corporation is treated as a âpersonâ with most of the rights and obligations of a real person. A corporation is not allowed to hold public office or vote, but it does pay income taxes.