| 释义 |
public corporation
public corporation n (Government, Politics & Diplomacy) (in Britain) an organization established to run a nationalized industry or state-owned enterprise. The chairman and board members are appointed by a government minister, and the government has overall control
public corporation
Related to public corporation: Quasi Public Corporationpublic corporationn. a corporation created to perform a governmental function or to operate under government control, such as a municipal water company or hospital. (See: corporation) public corporation
Publicly-Traded CompanyA company issuing stocks, which are traded on the open market, either on a stock exchange or on the over-the-counter market. Individual and institutional shareholders constitute the owners of a publicly-traded company, in proportion to the amount of stock they own as a percentage of all outstanding stock. Thus, shareholders have final say in all decisions taken by a publicly-traded company and its managers, especially through its annual shareholders' meeting. Publicly-traded companies have greater access to financing than other companies, as they have the ability to issue more stock. However, they are subject to greater regulation: for example, they must file 10-K reports with the SEC on their earnings and they are more likely to be subject to corporate taxes. A publicly-traded company is also called a public company.public corporation a company that is owned by the state. See NATIONALIZATION. |