The Coalition of Aligned Corporations or COAC as they are normally referred to is an alliance of close to 160 corporations that formed on 30th September 2654 and ceded from the the Terran Confederation on 7th December 2792 as part of an effort to remove themselves from Confederate oversight. The alliance itself maintains an overall ‘Board of Directors’ whom are responsible for the actual governance of the alliance and the laws that govern it, they are also responsible for the appointment of new High Court Judges every 10 standard years.
The Board as it is better known consists of 13 positions plus the CEO and chairman and it is mandated that 6 of the positions on the board are granted to the most powerful corporations in the coalition (a corporation ‘power’ is based on both it’s over all wealth, profitability and market value), the remaining 9 positions are open for direct vote with 3 positions vacated every 3 years.
Each year on the 1st of July a general vote is held alternating each year for the position of the Chief executive officer of the coalition and the Chairman of the board, a simple majority wins rule applies with each board member having 1 vote. If a deadlock occurs the two candidates with the highest votes are selected and then voted for (in the case of more than 2 with equal votes they are also voted on) in the rare case of a complete deadlock the current holder remains in the position until the next vote.
Being a coalition rather than a true government each corporation is a sovereign state in and of its own right, the COAC instead exists to act as a mediator and facilitator making certain that the interests of all members are seen to. As such the COAC does not tend to interfere with the running of corporations unless a corporation is declared by the high courts to have violated the coalitions charter at which point the COAC will generally come together and either forcefully disband a corporation selling off its assets, or declare it no longer a member in which case the offending corporation loses all benefits of the COAC such as protection by the COAC navy, access to its markets and shared research, manufacturing and design facilities which is normally enough to break the offending corporation anyway.
Each corporation gives 2% of their gross income to the COAC as part of the agreement, this money is spending on the courts, navy and afore mentioned shared facilities and each corporation is considered equal in access to these facilities.