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      • Representative director (代表取締役, daihyō-torishimariyaku) is the position of the most senior executive in charge of managing a corporation which is registered in Japan. As regulated by the Companies Act of Japan, joint-stock companies incorporated in Japan must have a representative director.
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  2. Dec 7, 2023 · Due to many stakeholders with financial stakes, a joint stock company typically hires professionals to run its business. Shareholders choose the board of directors to serve as their representatives, and most members are seasoned professionals.

    • Christopher Haynes
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    • What Is A Joint-Stock Company?
    • Characteristics of A Joint-Stock Company
    • Types of Joint-Stock Companies
    • Benefits of A Joint-Stock Company
    • Joint-Stock Company vs. Public Company
    • A Short History of Joint-Stock Companies
    • The Bottom Line

    A joint-stock company is a business owned by its investors, with each investor owning a share of the company based on the amount that they've invested. It is a predecessor to the modern-day corporation and other types of registered companies in the U.S. Joint-stock companies were created to finance endeavors that were too expensive for an individua...

    Shareholders of a joint-stock company had unlimited liability for company debts. In the U.S., the legal process of registering as a corporation or limited liability company reduces liability to the face value of stock owned by the shareholder or the contribution of the LLC member.In Great Britain, the term "limited" has a similar meaning. The share...

    Registered Company

    A company registers with state and local authorities to be legally allowed to conduct business in the organizational form it selects (e.g., corporation, S-corporation, limited liability partnership, limited liability company, etc.).

    Chartered Company

    This is a company that is incorporated under a nation's royal charter. Chartered companies may have certain privileges that relate to conducting their business operations.

    Statutory Company

    A statutory company is one that is established by an act of a nation's legislature to provide public services that benefit the populace. The company's responsibilities and privileges are detailed by the act.

    A joint-stock company can access large amounts of money via numerous shareholders that can be used to build a business.
    Shareholders have a direct say in decisions relating to the management of the company. They also have the right to elect the board of directors.
    Shares of public companies can be bought and sold freely on stock exchanges. Shares of private companies may be traded as allowed or restricted by the company.
    Today's joint-stock companies provide shareholders limited liabilityfor debts that a company incurs.

    While a joint-stock company is not a specific, legal form of a business entity in the U.S., the term could be used to describe a corporation, partnership, limited liability company, or public company—in fact, any company with more than one shareholder. The joint-stock company has a historical association with unlimited liability and the potential f...

    There are records of joint-stock companies being formed in Europe as early as the 13th century. However, they appear to have multiplied beginning in the 16th century, when adventurous investors began speculating on opportunities to be found in the New World. European exploration of the Americas was largely financed by joint-stock companies. Governm...

    Joint-stock companies are collectively owned by shareholders. Such companies existed as early as the 13th century. Historically, they left shareholders open to unlimited liability, which did not encourage investment. Happily, corporate law has limited liability for shareholders. In the U.S., it was limited to the face value of their shares.

    • Will Kenton
    • 1 min
  3. Nov 4, 2019 · Both real persons and legal entities can be elected as directors. If a legal entity is elected as a director, it must appoint a real person representative. Boards must have at least one...

  4. Trade. Business and economics portal. v. t. e. A joint-stock company (JSC) is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). [1] Shareholders are able to transfer their shares to others ...

  5. Contents: (i) Organizational structure of joint stock companies. (ii) General Meeting of Shareholders. (iii) The Board of Directors. (iv) Chairperson of the Board of Directors. (v) Company secretary. (vi) Chief Executive Officer. (vii) Supervisory Board. (viii) The Audit Committee. Organizational structure of joint stock companies.

  6. A joint-stock company is a business that is owned by its investors. The shareholders buy and sell shares and own a portion of the company. The percentage of ownership is based on the number of shares that each individual owns. Shareholders can buy and sell shares and transfer shares between one another, without putting the continued existence ...

  7. Sep 14, 2023 · How does a Joint stock company work? A joint stock company operates by raising capital through the sale of shares to multiple investors, who become shareholders with ownership rights and a share in profits, while the company is managed by a board of directors elected by the shareholders.