Examlex
The following are characteristics of preferred stock except:
I. pays fixed dividends
II. has cumulative feature
III. has voting rights
Fiduciary Relationship
A legal relationship wherein one party has the duty to act in another's best interests in matters over which they hold a trust or confidence.
Director
A member of the board of directors of a company who is responsible for participating in the decision-making processes regarding the company's management.
Officer Of The Corporation
A high-level management official within a corporation, usually appointed by the board of directors, responsible for day-to-day operations and implementing corporate policies.
Shareholder's Loan
Money lent to a corporation by its shareholders, which is sometimes considered a part of the equity of the business.
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