public company

(redirected from Publicly held)
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Related to Publicly held: Publicly held company
See: utility

public company

a registered company that can offer its shares to the public. Its memorandum of association must state that it is a public company, that its authorized capital is at least the authorized minimum (£50,000) and that its name ends with plc (or public limited company).
References in periodicals archive ?
Furthermore, the application of SFAS 150 to publicly held companies is logical, as it seeks to stem the abusive accounting practices that some companies had adopted when dealing with their own shares.
If you are a CPA who works for a publicly held company, reflect on the CPA peers you know from an industry association or a CalCPA chapter or committee, and recommend one as a candidate for membership on your company's board of directors or audit committee.
Thirty-one instances in which partners or managers owned securities of publicly held companies for which they personally provided no professional services but which were clients of Coopers & Lybrand.
According to the Court, the transaction should be interpreted as an exchange of all of the shareholder's stock in his wholly owned corporation for 425,000 shares of stock in the publicly held corporation, followed by a redemption of 125,000 of those shares for the $3,250,000 in cash.
Also, publicly held companies have been under pressure to boost their bottom lines so their stock prices continue to increase, he said.
I 1990, Pennzoil bought an 80 percent stake in publicly held Jiffy Lube for $35 million.
We believe, however, that final rules should not become effective until all publicly held corporations--regardless of yearend--have been afforded a reasonable opportunity to analyze their existing compensation programs, to seek and obtain proper guidance under these rules (or any material modifications to these rules that may be made as a result of taxpayer comments), and to revise their compensation programs.
Performance goals are established by the compensation committee--a committee of two or more outside directors (including any subcommittee) of a publicly held entity with the authority to establish and administer performance goals and to certify that such goals were attained.
Compensation committee: A compensation committee is the committee of directors--including any subcommittee of directors--of the publicly held corporation with authority to set and administer performance goals and to certify that performance goals are attained (Regs.
NASDAQ:ATPL) today announced that it received a NASDAQ Staff Deficiency Letter on March 23, 2007, indicating that the Company fails to comply with the minimum market value of publicly held shares requirement for continued listing on the NASDAQ Global Market set forth in Marketplace Rule 4450(b)(3).
As CPAs choose different forms in which to practice public accounting--such as selling their firms to publicly held companies--the AICPA is taking steps to make sure the Code of Professional Conduct keeps up with these new developments.
Under the new program, the Company will purchase up to 300,000 shares, or approximately 10% of its currently outstanding publicly held shares of common stock.