SS Lecture 1_D1664

SS Lecture 1_D1664 - SS Lecture 1 Overview Introduction to...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
1 SS Lecture 1 Overview ± ± The architecture of companies ± Historical developmen Historical development ± HRS Ch 1 1 Introduction to corporations & companies ± What is a company? ± What is a corporation? ± Why do we have incorporated companies? 2 Incorporated Companies ± The dominant form of business organisation ± Over 1 4 million companies in Australia Over 1.4 million companies in Australia ± Created through a process of registration under statute - an “artificial legal person” ± Have the special legal attribute of separate personality 3 What is the purpose of companies? ± Traditionally, a means by which a large group of people with capital and management resources could come together to conduct an enterprise on an ongoing basis ± Now also widely used for small business and by individuals 4 Small and large companies ± Most companies are small businesses ± About 1,800 companies are listed [0.1%]. (Listed companies are companies in which (Listed companies are companies in which you can buy or sell shares through the ASX.) 5 The architecture of companies ± Capital structure ² equity capital (shares) ² debt capital ± Management structure ² board of directors and other officers ² members (shareholders) 6
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 Capital structure ± Companies have one or more shareholders (also called members) who have invested money by subscribing for shares (or acquiring shares from an
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/13/2010 for the course ECON econ1010 taught by Professor Margretfinch during the Three '08 term at Griffith.

Page1 / 6

SS Lecture 1_D1664 - SS Lecture 1 Overview Introduction to...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online