Brief history of shares

Corporate lawyers know all about company shares - we know how to buy, sell, transfer, issue, divide, classify and capitalise them, and that's before we've got onto share options...  Yet, you would be hard pushed to find a corporate lawyer who knows the origins of shares.  Corporate Blawg UK has dug down to bring to you information that may dazzle your peers, amaze your friends and bore your clients.

• Corporations have existed since ancient Rome.  These enterprises, called etairia, were sanctioned by the state and involved a kind of shareholder who invested money for certain purposes.
• The main public corporation of ancient Rome was the municipium. Municipia combined the powers of ordinary corporations with the right of local government.
• The Roman concept of the corporation later merged with the views of Germanic tribes, such that a group entity could have a separate legal identity from its members.
• The early Christian church was a key corporate body.  Canon law determined that: the church would exist for longer than its members, officers could be liable for the acts of the corporation, and corporations could be liable for the acts of their agents (see further).
• In medieval Europe corporate entities ranged from the church, independent cities, guilds, and many charitable entities (such as hospitals).
• In 1111, the City of London Corporation became the first local authority in the UK.  The City Corporate was given a high degree of autonomy to reflect the fact that it was an important centre of finance and trusts.
• The oldest share certificate in the world belongs to Stora Kopparberg, or Stora Enso as it is now known (allegedly the world's oldest limited liability Company still in existence).   Stora Kopparberg issued its first share on 16 June 1288.
• The first public stock exchange was founded in Amsterdam by the world's first multinational; the Dutch East India Company. On 27 September 1602, the Dutch East India Company issued shares to the public in order to raise money.  These shares quickly sold, mostly at a nominal value of 3000 Guilders. The share price was not set by the government but by the Amsterdam Stock Exchange which was a profit-making and independent corporation itself.
• In 1844 the Joint-Stock Corporation Act created the modern form of commercial corporation in the UK.
• In March 2006, the global market capitalization for all stock markets was estimated at $43.6 trillion. 
• There are numerous free on-line games in virtual shares and virtual stock markets. This is not to be confused with virtual equity which may have real financial value since it is another name phantom stock (or phantom share options).

Gosh, so now you know.

Comments

[bayyareddy.M]

hello sir thank you for giving information about shares

[Lkpzkslj]

free gay truckers link =[[