what does a charter and a joint-stock company have in common?
a pilgrim and the mayflower compact?
Read these sites carefully and you'll be able to answer this question.
http://www.answers.com/topic/joint-stock-company
http://www.nationmaster.com/encyclopedia/Mayflower-Compact
http://www.allabouthistory.org/mayflower-compact.htm
the joint-stock company ant the charter were both granted by the king?
I don't get the second part
Am I right?
i mean, the joint-stock company ant the charter were both granted by the king?
and i don't understand the second pair
Please help!
Mayflower compact was written by the pilgrims which also sailed across the Atlantic on the Mayflower
A charter and a joint-stock company have similarities in that they both relate to the establishment and governance of organizations.
1. Charter and Joint-Stock Company:
A charter is a legal document granted by a governing authority, such as a monarch or a government entity, to create and define the rights and privileges of an organization. A joint-stock company, on the other hand, is a business entity owned by shareholders who have invested in the company's stock. Both charters and joint-stock companies contribute to the formal establishment and recognition of an organization.
In the case of a joint-stock company, the charter would outline the rules, duties, and powers of the company, while also recognizing the legal status of the shareholders and their ownership rights. The charter essentially serves as a founding document for the joint-stock company, specifying its purpose, structure, and governance.
2. Pilgrim and the Mayflower Compact:
The Pilgrims were a group of English separatists who journeyed to America in 1620 on a ship called the Mayflower. The Mayflower Compact was a written agreement created and signed by the male passengers of the Mayflower before they disembarked in Plymouth, Massachusetts.
The Mayflower Compact represented a social contract among the Pilgrims, establishing a democratic form of self-government in the newly settled colony. It provided for the election of leaders and decision-making through majority rule. The Compact was significant as it laid the groundwork for democratic principles in the governance of Plymouth Colony.
In summary, both charters and joint-stock companies contribute to the establishment and governance of organizations, while the Pilgrims and the Mayflower Compact represent a historical example of a social contract and self-governance.