Examlex
Flexible budgeting builds the effect of changes in level of activity into the budget system.
Declare And Distribute
The process by which a company announces and then allocates dividends to its shareholders.
Dividends
Payments made by a corporation to its shareholder members, derived from the company's profits.
Excess Solvency
refers to the situation where a company holds significantly more assets or financial reserves than the minimum required by regulators to cover its liabilities and potential claims.
Proxy
A form of authorization given by a shareholder or other party allowing another person to vote or act on their behalf, often used in corporate settings.
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