CHAPTER 1. THE COMPAGNY
CORPORATE GOVERNANCE (la gouvernance)
Different types of compagnies
The main difference is between a publicly trade companyand a privately held.
Stock options = benefits sold to employees of the company.
A public company is purchased by another public company to become eithera subsidiary (a firm takes the control over another one) on a joint venture = jointed asset , risks …
The US/UK business models
SOLE PROPRIETORSHIP = start a business with your ownIt’s when a person owns all the assets and all the liabilities
Limited (=Ltd sarl) Partnership entities are 2 persons or in a company, the entity is a business structure, so less risk. Thelimit in determined by the amount of money invested in the company.
Unlimited P or C, there is no limit on assets and liabilities.
Initial public offering (IPO) = firstsal of stock by a company to the public. To go public= entrer en bourse
Joint venture (JV) =a contractual agreement joining two or more parties to undertake economic activity togetherStock option = a right to buy or sell specific securitires or commodities at a stated price within a specified time ; customarily a part of executive compensation package.
Owner =entity that possesses the exclusive right to hold, use, benefit from an asset or property.
Leveraged buyout (LBO) = takeover of a compagny or controlling interest in a company usinga significant amount of borrowed money
Limited company = a business structure in which shareholder responsibility for company debt strictly depends on the amount he/she has investedin the company.
Sole proprietorship/trader = a business structure in which an indiv and his/her company are considered a single entity for tax and liability purposes
Share = a...