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joint stock company
(redirected from Joint stock companies)

   Also found in: Legal, Financial, Wikipedia, Hutchinson 0.09 sec.
joint stock company: see chartered companies chartered companies, associations for foreign trade, exploration, and colonization that came into existence with the formation of the European nation states and their overseas expansion.
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In August 2003, the RF government approved the Program (Plan) for Privatization of Federal Property in 2004 and the Basic Lines of Privatization of Federal Property until 2006, whereby it is planned, before 2006, to complete the reorganization of state controlled enterprises in the defense industry as joint stock companies and the privatization of stakes in joint stock companies that fail to contribute to the performance of state functions and tasks.
A decade later, the government spun off larger enterprises, converting them into joint stock companies that gave managers and employees ownership, although in many cases the state still retained majority control.
Supreme Court--that citadel of rich white males--decided that joint stock companies (corporations) were "persons" while African Americans and Native Americans were not.
 
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