by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Proxy Statement? A proxy statement refers to a document which contains some of the information which the Securities and Exchange Commission (SEC) requires businesses to offer to shareholders to enable them to make decisions via a wide range of available data...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Public Limited Company? A public limited company is the legal status of any firm which has offered shares for purchase to members of the general public through an initial public offering or direct public offering. Shareholders of a Public Limited Company...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Board of Governors? A board of governors refers to a set of individuals who are in charge of managing the effective running of an organization. This group of people supervise the operations and activities of a business or an organization and ensures its...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Budget Committee? A budget committee is a group of individuals that prepares the financial plan of a company or country for a period of time. A budget committee is in charge of planning, creating and maintaining the budget of an organization for a specific...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Quorum? A quorum is the minimum number of people having a vested interest in an organization required to ensure the validity of a meetings proceedings under the corporate charter. This makes sure that adequate individuals are available in the meeting prior...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is Noncumulative Stock? Noncumulative is a term used to describe a type of preferred stock that permits the issuing firm not to pay dividends to its stockholders. It means that the stockholders have no right to claim any omitted or unpaid dividends. The opposite...
