by TheBusinessProfessor | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Budget Committee?A budget committee is a group of individuals that prepares the financial plan of a company or country for a period of time. A budget committee is in charge of planning, creating and maintaining the budget of an organization for a specific...
by TheBusinessProfessor | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Quorum?A quorum is the minimum number of people having a vested interest in an organization required to ensure the validity of a meetings proceedings under the corporate charter. This makes sure that adequate individuals are available in the meeting prior to...
by TheBusinessProfessor | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is Noncumulative Stock?Noncumulative is a term used to describe a type of preferred stock that permits the issuing firm not to pay dividends to its stockholders. It means that the stockholders have no right to claim any omitted or unpaid dividends. The opposite...
by TheBusinessProfessor | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is an Audit Committee?An audit committee is a section of a company’s board of directors in charge of ensuring that there are transparency and accuracy in financial reporting and disclosure. It is regarded as one of the company’s major operating...
by TheBusinessProfessor | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
Back To: BUSINESS ENTITIES, CORPORATE GOVERNANCE, & OWNERSHIP What is an Inside Director?An inside director refers to a board member of a company or organization who is an employee or officer of the company or a major stakeholder. An inside director serves in the...
by TheBusinessProfessor | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
Back To: BUSINESS ENTITIES, CORPORATE GOVERNANCE, & OWNERSHIP What is a Promoter?A promoter refers to a person or a company that finances a project or investment activity. Promoters support the cause of an activity, task or project and volunteer to help in raising...
