Examlex
Conflict is functional if it:
Legal Liability
The legal responsibility to pay debts or damages, which can arise from contracts, negligence, or other legal means.
Declared
Pertains to dividends or other distributions that have been officially announced by a company's board of directors.
Dividend Payments
Distributions of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.
Preferred Shareholders
Investors who own preferred shares in a company, which typically come with a fixed dividend but no voting rights.
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