From the course: Finance Foundations (2019)

Unlock the full course today

Join today to access over 24,800 courses taught by industry experts.

Introducing securities markets

Introducing securities markets

From the course: Finance Foundations (2019)

Start my 1-month free trial Buy for my team

Introducing securities markets

“

You already told us that you were on the board of directors of a publicly traded company? I was. We took the company private last year. Okay. So who chooses the directors of a publicly traded company? Typically, candidates are identified by company management and the existing board members. The final decision is made by the shareholders of the company, and they vote as to whether to approve a candidate for the board or not. So where were the shares of your company traded? We were traded on Nasdaq, the second-largest stock market in the world after the New York Stock Exchange. So did the board of directors ever discuss your company's stock price? Absolutely. Because we represented the shareholders of the company, we had a fiduciary duty to direct the company in ways that will maximize shareholder value. Now, how about you? Did you personally own any shares in the company? Yes, I did. So how did you feel as you saw the stock price fluctuate up and down? For example, I remember a few…

Contents