5.private And Public Limited Companies Flashcards Preview

Business Studies GCSE > 5.private And Public Limited Companies > Flashcards

Flashcards in 5.private And Public Limited Companies Deck (13):
1

Incorporation

Process of becoming a limited liability company

2

Registrar of companies

Person responsible in United Kingdom for maintaining records relating to activities of private and public limited companies

3

Certificate of incorporation legal

Document issued by the registrar of companies allowing a business to trade as a limited liability company

4

Board of directors

People usually elected by shareholders to represent their interests and make important decisions on how the company is to be operated

5

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.

6

Chair of board directors

Person who takes responsibility for managing the board of directors

7

Managing director

Person responsible for putting into action the decisions made by the board of directors

8

Capital

Money usually raised through the sale of shares to investors

9

Capital

Means money

10

Issued share capital

Amount of share capital issued to investors

11

Minority shareholders

Private individuals who may only own a small percentage of the shares of a company y

12

Major shareholders

These are shareholders who will probably own a larger percentage of the shares issued by a company.

13

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