What is the organizational makeup of a private limited company?
A private limited company is owned by shareholders. However, they do not directly manage the company. Instead, they influence corporate decisions through indirect methods such as electing and removing directors, approving or disapproving amendments to the articles of incorporation and voting on major corporate issues. The board of directors is responsible for managing the affairs of the company. It is important to note that a shareholder may serve on the board of directors.
