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int-Stock Companies Public are business entities that protect their shareholders by lowing limited liability so that the assets they invest in the business tend to be the only assets placed at stake, leaving personal assets of the shareholders safe from any losses the corporation may incur. Joint • Stock Companies Public are composed of three different types of people, with different levels of involvement. There are the shareholders, who vote on major corporate changes and elect the chairman with the directors. Directors are responsible for managing the business overall and hire the CEO and other corporate officers. The CEO and the corporate officers are in charge of the business's everyday operations.
