Board of directors: The board of directors is responsible for communicating with stockholders and setting policy on dividends, major spending, and executive compensation Show Although board members oversee operations, most do not participate in day-to-day management. Rather, they hire a team of managers to run the firm. The firm's chief executive officer (CEO), who is responsible for overall performance usually, heads this team, called officers. Other officers typically include a president, who is responsible for internal management, and vice-presidents, who oversee various functional areas such as marketing and operations. Board of directors: The board of directors is responsible for communicating with stockholders and setting policy on dividends, major spending, and executive compensation. Although board members oversee operations, most do not participate in day-to-day management. Rather, they hire a team of managers to run the firm. The firm's chief executive officer (CEO), who is responsible for overall performance usually, heads this team, called officers. Other officers typically include a president, who is responsible for internal management, and vice-presidents, who oversee various functional areas such as marketing and operations. Communicating with stockholders and setting financial policy: The board of directors is responsible for communicating with stockholders and setting policy on dividends, major spending, and executive compensation. Although board members oversee operations, most do not participate in day-to-day management. Rather, they hire a team of managers to run the firm. The firm's chief executive officer (CEO), who is responsible for overall performance usually, heads this team, called officers. Other officers typically include a president, who is responsible for internal management, and vice-presidents, who oversee various functional areas such as marketing and operations. What type of company has stock that is widely held and available for sale to the general public?Companies with no such restrictions on stock sales are called public corporations; stock is available for sale to the general public.
What is a publicly held corporation quizlet?Publicly Held Corporation. A corporation whose stock is widely held, has a large market, and is usually traded on a stock exchange. Board of Directors. A group of people, elected by the stockholders, who govern and are responsible for the affairs of a corporation.
How if at all does a closely held corporation offer stock to the public quizlet?A privately held (or closely held) corporation does not offer its stock for public sale and usually has few stockholders. A publicly held corporation offers its stock for public sale and can have thousands of stockholders. Public sale usually refers to issuance of stock and trading on an organized stock market.
What is an ESOP quizlet?what is an ESOP (employee stock ownership plan) An employee stock ownership plan (ESOP) is an arrangement in which a corporation holds its own stock in trust for its employees, who gradually receive ownership of the stock and control its voting rights.
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What type of company has stock that is widely held in available for sale to general public quizlet?
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