Public company

(redirected from Public corporations)
Also found in: Dictionary, Legal.
Related to Public corporations: Publicly traded

Public Company

A company that has held an initial public offering and whose shares are traded on a stock exchange or in the over-the-counter market. Public companies are subject to periodic filing and other obligations under the federal securities laws.

Public Limited Company

A primarily British term for a publicly-traded company. The term derives from the facts that the company issues shares that may be bought and sold by the general public and all shareholders have limited liability.

Publicly-Traded Company

A 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 company.

The stock of a public company is owned and traded by individual and institutional investors.

In contrast, in a privately held company, the stock is held by company founders, management, employees, and sometimes venture capitalists.

Many privately held companies eventually go public to help raise capital to finance growth. Conversely, public companies can be taken private for a variety of reasons.

References in periodicals archive ?
An Executive Mansion release said per the directive, the HR Manager and all relevant signatories of the various autonomous agencies and public corporations of government are further authorized to pay all legitimate salaries and other benefits to their employees.
The sorry state of public corporation reform is clear from what happened to the centerpiece of Koizumi's reform plan-the privatization of Japan Highway and the three related road-building public corporations.
The collected fees will be used to repay the debts now held by the public corporations, which total about 40 trillion yen.
The government's Administrative Reform Promotion Office on Thursday endorsed a public corporation reform implementation plan that will allow private firms to take part in government inspection projects, along with a reform outline for the public corporation system for fiscal 2002.
Hershey, on the other hand, is a public corporation, but often acts as if it isn't.
We will change the system if it is unfair to users,'' Fujii said at a meeting of a government advisory panel considering ways of privatizing JH and three other road-related public corporations.
It has been observed that in some circumstances Member States' governments provide cash to public corporations under their control.
Koizumi told a press conference that support for plans to privatize public corporations dealing with postal services and highway construction will be a main issue in the party poll, stressing that revival of the Japanese economy is the most important task he must deal with.
6 billion yen package of bonds to be issued in March for private subscription, decided to turn the Kobe-based bridge authority down because they believe its future is uncertain due to ongoing government efforts to streamline public corporations, the officials said.
public corporations seat their own CFOs on their boards, most experts think a good CFO, like Neil Wester, should be there for a board but not of it.
At any rate why must we assume that public corporations can have responsibilities only to their shareholders?