Management and Organizational Studies 2275A/B Lecture 15: Chapter 15 – The Corporation Form

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Philip King

Document Summary

Chapter 15 the corporation form: organizational matters. Stakeholder one who has an interest in a corporation. The owner must decide on the share structure of the corporation. Share structure the shares that a corporation is permitted to issue by its constitution. A share must include the right to: vote for the election of board of directors, receive dividends, if the corporation declares bankruptcy, shareholders split the leftover assets after the creditors. Widely held corporations a corporation whose shares are normally traded on a stock exchange. Securities legislation laws designed to regulate transactions involving shares and bonds of a corporation. Closely held corporations a corporation that does not sell its shares to the public. Shares from widely help corporations are easily transferable which means anyone who buys the share may own it. In a closely-held corporation, shares are issued to family or friends: shares cannot be transferred without the directors or majority of the shareholders approval.