GCSE OCR Business Studies A292 - Ownership - Companies Flashcards
The process to becoming a limited liability company is called?
Incorporation
The person responsible in the UK for maintaining records relating to the activities of private and public limited companies is called?
Registrar of Companies
A Certificate of Incorporation is…
A legal document issued by the Registrar of Companies allowing a business to trade as a limited liability company
The people who are elected by shareholders to represent their interests and make important decisions on how the company is to operate are known as?
Board of Directors
Shareholders will be invited to a yearly meeting of the company, this is meeting is known as?
Annual General Meeting (AGM)
The Managing Director’s role is…
Being responsible for putting into action the decisions made by the Board of Directors.
Issued share capital is…
The amount of shares issued to investors
Institutional investors are…
Banks or investment companies which may invest money on behalf of themselves or private individuals
Shareholders who will probably own a large percentage of the shares issued by a company are known as?
Majority Shareholders
