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Introduction to the business Environment (King report on Corporate…
Introduction to the business Environment
Types of companies
Public company
Adhere to a lot of regulations & reporting standards as per SEC
Publicly traded companies are big companies
Traded on stock exchanges
Sell registered shares to the public
Private Company
Owned and traded by only few private inestors
Does not have to follow any regulations issued by SEC
Privately held shares to few willing investors
Privately held companies are smaller
Executive director
Work full-time as a director
Drawing a salary
Directors sharing profits
King report on Corporate governance
Risk management
Information and technology governance
Building an ethical organisational structure
Boards and committees
Stakeholders relationship