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Contact usGlossary – S
Security
A legal claim of the holder against the obliged person.
A security is the bearer of a legal claim which it embodies, and is basically irreplaceable for the creation, existence, transfer and extinguishment thereof. Securities can be issued in a physical or book-entry (dematerialized) form. The te…
Share
A security stating that the owner put a capital to the joint-stock company.
A security which gives shareholders the right to participate in the management of a joint stock company, in its profits and in the liquidation balance upon the dissolution of the company, and the pre-emptive right to new…
Shareholder
A shareholder is a person who participates in the share capital as and may exercise shareholder rights.
The shareholder of the company is the owner of shares to which are attached rights of the shareholder. According to its share of the total number of shares may be minority or majority. Greater…
Statutory authority
The statutory body constituted by persons authorized to act on behalf of the legal person.
The statutory authority may be one person (for example, managing director of a limited company) or the team, such as the Board of joint stock companies or cooperatives.
Stock market
Legal entity authorized to organize at a designated location at a specified time and through authorized persons demand and supply of registered securities, investment instruments that are not securities, respectively other capital market instruments, to the extent permitted by § 2 of the Securities…
Supervisory Board of the joint-stock company
The supervisory authority with supervisory powers.
Collective body, its membership is at least 3 and to be divisible by three of its elected chairman. Supervisory Board is incompatible with membership of the Board clerk or a person authorized to act on behalf of and Members are elected for a ter…
