Explain the concept of piercing the corporate veil. Be sure to provide an example to illustrate your understanding.

Explain the concept of piercing the corporate veil. Be sure to provide an example to illustrate your understanding.

1. Explain the concept of piercing the corporate veil. Be sure to provide an example to illustrate your understanding.

2. Explain the concept of how a Board of Directors manages a corporation. Specifically, what personnel does a corporate board typically hire and what decisions do they make? Lastly, what is an example of a regulation a corporate board may impose?