Public Limited Company Flashcards
1
Q
What identity do public limited companies have
A
Business has a separate legal identity
2
Q
Who is this business run by
A
Run by a board of directors on behalf of the shareholders
3
Q
Who is this business directors elected by?
A
Elected by the shareholders at an AGM
4
Q
What can happen to the business if someone buys enough shares
A
Can loose control of the business if someone buys enough shares on the stock market
5
Q
What must the business complete
A
Must complete articles and memorandum of association
