A public company, publicly traded company, publicly held company, publicly listed company, or public limited company is a company whose ownership is organized via shares of stock which are intended to be traded on a stock exchange or in over-the-counter markets. A public company can be listed on a stock exchange. In some jurisdictions, public companies over a certain size must be listed on an exchange. Public companies are formed within the legal systems of particular states, therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is a type of corporation, in France it is a "société anonyme", in Britain a public limited company, in Germany an Aktiengesellschaft. While the general idea of a public company may be similar, differences are meaningful, are at the core of international law disputes with regard to industry and trade. In the early modern period, the Dutch developed several financial instruments and helped lay the foundations of modern financial system.
The Dutch East India Company became the first company in history to issue bonds and shares of stock to the general public. In other words, the VOC was the first publicly traded company, because it was the first company to be actually listed on an official stock exchange. While the Italian city-states produced the first transferable government bonds, they did not develop the other ingredient necessary to produce a fledged capital market: corporate shareholders; as Edward Stringham notes, "companies with transferable shares date back to classical Rome, but these were not enduring endeavors and no considerable secondary market existed." The securities of a publicly traded company are owned by many investors while the shares of a held company are owned by few shareholders. A company with many shareholders is not a publicly traded company. In the United States, in some instances, companies with over 500 shareholders may be required to report under the Securities Exchange Act of 1934. Public companies possess some advantages over held businesses.
Publicly traded companies are able to raise funds and capital through the sale of shares of stock. This is the reason publicly traded corporations are important; the profit on stock is gained in form of capital gain to the holders. The financial media and the public are able to access additional information about the business, since the business is legally bound, motivated, to publicly disseminate information regarding the financial status and future of the company to its many shareholders and the government; because many people have a vested interest in the company's success, the company may be more popular or recognizable than a private company. The initial shareholders of the company are able to share risk by selling shares to the public. If one were to hold a 100% share of the company, he or she would have to pay all of the business's debt; this increases asset liquidity and the company does not need to depend on funding from a bank. For example, in 2013 Facebook founder Mark Zuckerberg owned 29.3% of the company's class A shares, which gave him enough voting power to control the business, while allowing Facebook to raise capital from, distribute risk to, the remaining shareholders.
Facebook was a held company prior to its initial public offering in 2012. If some shares are given to managers or other employees, potential conflicts of interest between employees and shareholders will be remitted; as an example, in many tech companies, entry-level software engineers are given stock in the company upon being hired. Therefore, the engineers have a vested interest in the company succeeding financially, are incentivized to work harder and more diligently to ensure that success. Many stock exchanges require that publicly traded companies have their accounts audited by outside auditors, publish the accounts to their shareholders. Besides the cost, this may make useful information available to competitors. Various other annual and quarterly reports are required by law. In the United States, the Sarbanes–Oxley Act imposes additional requirements; the requirement for audited books is not imposed by the exchange known as OTC Pink. The shares may be maliciously held by outside shareholders and the original founders or owners may lose benefits and control.
The principal-agent problem, or the agency problem is a key weakness of public companies. The separation of a company's ownership and control is prevalent in such countries as U. K and U. S. In the United States, the Securities and Exchange Commission requires that firms whose stock is traded publicly report their major shareholders each year; the reports identify all institutional shareholders, all company officials who own shares in their firm, any individual or institution owning more than 5% of the firm's stock. For many years, newly c
Vela Luka is a bay on the island of Krk in the Republic of Croatia. It is located on the southeastern part of the island of Krk in the Baška municipality and on the sea route from Baška to Senj, it is about 400 meters wide. On the south-eastern side it closes the Cape Sokol. At the entrance to the cove the depth is over 60 meters, from the middle of the bay the depth falls; the bottom is predominantly sandy. At the end of the bay is a large sandy beach. There are several ruinous coves in the cove, it is only a beach facility. There is a concrete mullet near it, but the depth is just 1.5 meters away. There is a somewhat greater depth with the L-shaped mill located on the eastern coast of the bay. There is a source of drinking water at the end of the bay. Apart from by boat from the sea, the bay can be reached on foot from Baška; the trail is about 6 km long and rises to a height of 300 meters and goes down to the sea. The trails are diverse because of the large number of karst phenomena, numerous centuries-old pastry drywall and many panoramic vistas of Baška, Prvić Island, Senjska vrata and Vela and Mala Luka.
Vela Luka bay is open towards the south, the wind in the south creates great waves. Though it is shrouded, it is not suitable for shelter from the wind, because burrs created by boulders bounce back from the west coast of the bay and create whirlwinds and great sea disturbances. However, leaving the boat from the bay can be more dangerous as it comes to the area where one of the strongest strikes in the Adriatic is coming; the most common wind is a bura, common in summer. In the area between Vele and Male Luke, called Bosar, in ancient times there was a Roman settlement, it is thought to have been used to oversee the strategically important Senj Gate on the mainland. The remains of Roman clay and counterfeit Roman coins were found in this area. Found was golden Byzantine money, in favor of the theory that during the time of Byzantine rule on Krk there was a settlement which in the local legends has the name Corinthia. In addition, the ruins of an Byzantine fortress from the time of Emperor Justinian on the hill above the remains of this settlement are.
Out of the settlements there were only rock clumps that point to the arrangement of former houses and buildings. Nearby close to the harbor of Mala Luka, remains of a Liburnian-era shipyard have been found; the entire area was once under vineyards owned by the Baška family Dujmović. After the Second World War, vineyards were nationalized, the days were co-operative, but soon abandoned. In the area between Vela Luka and Mala Luka there are the ruins of the church of St. Nicholas, first mentioned in 1426, it was in bad condition in 1590, in 1603 it was mentioned that it was without altar and roof. Today there are still the apse. Apart from the catering facility in the cove there are no other tourist facilities. In the summer from Baška tourists go to the bay via boats taxis. as a rule they bring them in the morning and return to Baska in the evening. Http://peljar.cvs.hr/show_place_info.php?id=799&type Lešić, Denis: The Island of Krk - Guide to Word and Image, 2003. Bolonić, Mihovil, Žic Rokov, Ivan: Krk Island Through the Ages, Christian Present, Zagreb, 2002
"Everyday" is the closing track and third radio single from Dave Matthews Band's album Everyday. It reached #36 on the Top 40 Mainstream, #38 on Modern Rock Tracks, #8 on Adult Top 40. A live version of "Everyday" is featured on the Dave Matthews Band compilation album The Best of What's Around Vol. 1. The song evolved from an earlier DMB song entitled "#36" and references The Beatles' song All You Need Is Love; when the song is played live, the song "#36" is mixed in with the song "Everyday." It is a tradition for the crowd to sing, "Hani, Hani and dance with me" during the parts of the song that #36 mixes in with. This can be heard on such CDs as The Best of What's Around Vol. 1, Live Trax Vol. 6, The Gorge, Live at Folsom Field, Colorado, on Weekend on the Rocks. An acoustic version of the song was played live on February 28, 2001 by Dave Matthews and Trey Anastasio during the latter's solo performance at the Landmark Theatre in Richmond, Virginia. On September 21, 2001, Dave Matthews played an acoustic version of the song as part of the America: A Tribute to Heroes concert, performed in remembrance of the victims of the September 11 attacks.
The song was not supposed to be the third single from the album. "When the World Ends" was supposed to be the single, but after 9/11 it was thought that the dark title would not be appropriate. The song has enjoyed consistent popularity as a live staple and has been played live every year since its release; as of 2018, it has been the most played live song from the Everyday album. A music video for the song was concepted and directed by TBWA\Chiat\Day North America creative director Chuck McBride, cinematographed by Lance Acord and produced by Tim Harman through New York production company cYclops in 2001, it features actor Judah Friedlander walking around hugging people, including Conan O'Brien, Vincent Pastore, Sheryl Crow, Blue Man Group, Tiki Barber and Hallie Kate Eisenberg, as well as the band themselves. The video is a response to the general feeling following the September 11th attacks; the song was parodied by Jimmy Fallon in his opening act for the 2002 MTV Video Music Awards. The song was featured in the third episode of The Paper, after Alex and his new girlfriend kiss for the first time at a Dave Matthews Band concert.
In its original form as "#36" the song was written in response to the assassination of Chris Hani, who worked to end South African apartheid. The 2006 "Free Hugs Campaign" video, which spawned the eponymous social movement, features an Australian man using the pseudonym Juan Mann offering unconditional hugs to strangers. "Everyday" – 4:10 "Everyday" – 4:44 "Everyday" – 9:31