5.private And Public Limited Companies Flashcards
Incorporation
Process of becoming a limited liability company
Registrar of companies
Person responsible in United Kingdom for maintaining records relating to activities of private and public limited companies
Certificate of incorporation legal
Document issued by the registrar of companies allowing a business to trade as a limited liability company
Board of directors
People usually elected by shareholders to represent their interests and make important decisions on how the company is to be operated
Annual general meeting(AGM)
A yearly meeting of shareholders, which amongst other things, will elect directors to the board and confirm the amount of dividend to be paid.
Chair of board directors
Person who takes responsibility for managing the board of directors
Managing director
Person responsible for putting into action the decisions made by the board of directors
Capital
Money usually raised through the sale of shares to investors
Capital
Means money
Issued share capital
Amount of share capital issued to investors
Minority shareholders
Private individuals who may only own a small percentage of the shares of a company y
Major shareholders
These are shareholders who will probably own a larger percentage of the shares issued by a company.
Institutional investors
Banks and investment companies, which may invest money on behalf of themselves or private individuals. They will probably own a large percentage of the shares of a company
