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THE STRUCTURE OF A COMPANY

V Семестр

ІX. Змістовий модуль «Компанія. Інформація про галузевий під розподіл»

Практичне заняття № 1

Тема: Типи компаній

1. Читання, переклад та переказ тексту. Виконання після текстових вправ.

Company Types in Ukraine

Ltd.

The most popular business legal form in Ukraine is Ltd. This type of companies is registered on a standard chart and in the earliest possible dates. The founders of Ltd. can be naturals persons or/and legal persons (residents or/and non-residents). Thus founders do not carry responsibility for a company and actions of its public servants, and their possible losses are limited to the size of part in share capital. Limited companies can conduct practically any types of activity, including licensed. Alike types of companies in Europe is GMBH (in Germany, Switzerland, Austria) and Ltd. (in England). From recent time, the Ukrainian legislation does not select CFI (company with foreign investments) (no less than 10 % foreign capital) and FC (foreign company), as a separate legal form of business too.

Joint-stock company

Joint-stock companies in Ukraine can be public (PJSC) and private (PrJSC) types. This type of companies has a great number of analogues in the whole world. Mainly, JSC are created for a bank, insurance and other financial types of activity, and also for organization of activity of large production capacities and enterprises with the closed loop of production.

Representative office

It is separately possible to select such form of business in Ukraine, as a representative office of foreign company. Status of representative offices allows to get the row of additional tax and custom deductions, and also to use other advantages for work in Ukraine.

Тема: Партнерство. Співробітництво.

Task 1. Think and say: «What do you know about the structure of a company?»

Task 2. Read and translate the following text.

THE STRUCTURE OF A COMPANY

Organization structure in business is very important. People in a company, its employees hold different positions. The relationship between those employees with different positions makes organization structure. At present, most firms are divided into their major parts:

- capital (shareholders);

- management;

- labour.

Let us take a typical company. A director is a senior manager. He sets up the Board of Directors under the authority of the President. The Board decides what company policy and expendi­ture must be. The chief executive officer (CEO) is the link between the Board and the senior management. As for middle managers, they run departments of a firm. They account to the senior management for their area of the work done.

There is a difference between executive directors and non-execu­tive ones. The directors who run their firm on day-to-day basis are called executive directors. Those who sit on the Board and do not run the firm directly are called non-executive directors. In modern American English, they use also the term inside directors for executive and outside directors for non-executive ones.

Сучасна людина і комп’ютер.

1. Read the texts and discuss them.