Thursday, May 31, 2012

Aspects relating to joint stock companies



Unlike the other companies that generate virtual shares, a Joint Stock Company is a factory of GOLD, that’s able to make more real money. Thus, a joint stock company generates at least 50 GOLD/day for the first level, a figure that grows by an average of 5 GOLD per level thereafter. Gains can be divided between stockholders in the proportion of shares held by each.
The main aspects of JSC:
- Can be created by one or more players;
- In order to create a JSC, the first stockholder must pay at least 10% of the cost;
- To become a stockholder is enough to buy 1% stake in JSC;
- The first 3 stockholders form the Management Board;
- the Management Board shall submit within 3 candidates for the post of General Director ;
- All stockholders  vote for one of the candidates (must wait until they submit the candidatures);
- All stockholders  have equal voting rights regardless of the number of shares held;
- If there is a single founder, he automatically becomes a General Director;
-          The General Director has a salary, paid from the gained profit.

The responsibilities of the General Director 
The General Director  is directing the processes in JSC, namely:
- Manages the process of production;
- Buys raw materials;
- Changes money earned in GOLD;
- Distributes to the stockholders, if necessary, the money  and the GOLD won ;
- Hires workers;
- Raises the levels of JSC.

3 comments:

  1. Does a stock company start producing after the 10% is bought or all 100% of the shares must be bought before the stock company starts producing?

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  2. It starts producing after all 100 % of stocks are sold.

    ReplyDelete