by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is an Audit Committee? An audit committee is a section of a company’s board of directors in charge of ensuring that there are transparency and accuracy in financial reporting and disclosure. It is regarded as one of the company’s major operating...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Promoter? A promoter refers to a person or a company that finances a project or investment activity. Promoters support the cause of an activity, task or project and volunteer to help in raising money for the execution of the activity. In an investment...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is an Inside Director? An inside director refers to a board member of a company or organization who is an employee or officer of the company or a major stakeholder. An inside director serves in the interest of the company alongside representing the interest of...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Family Limited Partnership? Affluent families tend to move wealth from one generation to the other, they do this through diverse means. A Family Limited Partnership (FLP) is a type of business that allows the transfer of business, wealth and financial assets...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What are Outstanding Shares? The outstanding shares of a company refers to the total amount of shares that have been authorized, issued, and purchased by the shareholders of the company. Outstanding shares are shares of a company held by its shareholders, the...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Shotgun Clause? A shotgun clause refers to a type of exit strategy used in business partnership or used by shareholders. It is a buy-sell agreement that exist between partners which forces a partner to sell their stake in the business or shares and can also...
