BUSN2101 Chapter Notes - Chapter 1-2: Listing Rules, Legal Personality, Bank Regulation
Document Summary
> 1. 1 companies as a form of business association and explains the difference between public listed companies and unlisted (privately owned) companies. > 1. 2 overview of thee structure or architecture of companies. > 1. 4 important concepts discussed throughout this book. 1. 1: corporation/ body corporate: used to describe all artificial legal entities that have the attribute of separate legal personality. Separate legal personality: a company is treated as a separate person from those who participate in the company -> its liabilities are its own and not those of its members or officers. Shares in large public companies are quoted on the australian securities exchange (buy and sell via asx by investors: according to rba, about half of australian listed securities and bonds are owned by foreign investors. Significant diversity between listed entities as majority of listed companies are small with a market capitalisation of less than m and may have far fewer shareholders.
