EDMC-FIBO/BE 1.1 RTF Avatar
  1. OMG Issue

FIBOBE11 — CharteredLegalPerson and StatutoryBody should not be children of JuridicalPerson

  • Key: FIBOBE11-2
  • Status: closed  
  • Source: Thematix Partners LLC ( Mrs. Elisa F. Kendall)
  • Summary:

    Both chartered legal persons and statutory bodies are kinds of legal entities that are created by governments and are not "firms". As a result, they should not be children of judicial person. They should have a new parent under legal entity, and chartered legal person should be renamed to chartered body.

    Additionally, the definition of sovereign is really weak, although the intent based on what is modeled is to describe sovereign state rather than the concept of “sovereign” independently from the concept of a sovereign state.

    We need sovereign state for FBC, and to relate sovereign state to the country (geopolitical entity) it corresponds to.

  • Reported: EDMC-FIBO/BE 1.0b2 — Thu, 4 Jun 2015 02:45 GMT
  • Disposition: Resolved — EDMC-FIBO/BE 1.1
  • Disposition Summary:

    CharteredLegalPerson and StatutoryBody should not be children of JuridicalPerson

    Both chartered legal persons and statutory bodies are kinds of legal entities that are created by governments and are not "firms". As a result, they should not be children of judicial person. They should have a new parent under legal entity, and chartered legal person should be renamed to chartered body.

    Additionally, the definition of sovereign is really weak, although the intent based on what is modeled is to describe sovereign state rather than the concept of "sovereign" independently from the concept of a sovereign state.

    We need sovereign state for FBC, and to relate sovereign state to the country (geopolitical entity) it corresponds to.

  • Updated: Thu, 6 Apr 2017 13:52 GMT