Corporate Governance Concepts

noun the state of holding a particular position, especially a political office

• The incumbent mayor is seeking reelection to continue his incumbency in office.
• The current boss is running for another term to stay in charge.
• The top dog is gunning for reelection to keep their spot.
• The incumbent's incumbency has been a steady ship in turbulent waters.

noun A type of security that represents ownership in a corporation and gives shareholders voting rights and a share of profits

adjective Describing something that is typical, ordinary, or shared by many

• Investors who purchase common stock are entitled to vote on company decisions and receive dividends.
• If you buy common stock, you can vote on stuff and get dividends.
• Common stock is like owning a piece of the company and getting some cash back.
• Think of common stock as your ticket to being part of the company's inner circle.

noun Owner of shares in a company whose name is not listed on the company's records

• The beneficial owner of the property is entitled to receive any income or benefits generated from it.
• The beneficial owner of the company is the one who actually reaps the rewards of its success.
• I heard John is the beneficial owner of that fancy car, even though it's registered under someone else's name.
• In the world of art, the artist is considered the beneficial owner of their creations, even if they sell them to others.

noun a word that refers to a person, place, thing, event, substance, or quality

verb a word that expresses an action, occurrence, or state of being

preposition a word that shows the relationship between a noun (or pronoun) and other words in a sentence

article a word that is used with a noun to specify grammatical definiteness of the noun

• In legal cases involving fraud or misconduct, the court may pierce the corporate veil to hold individuals accountable for the actions of the company.
• When things get messy in a lawsuit, they might try to pierce the corporate veil to see who's really responsible.
• If the company is trying to hide something, the court might decide to lift the corporate veil and expose the truth.
• Sometimes we need to pierce the corporate veil of a situation to uncover the underlying motivations and interests at play.