The board of directors can also authorize the is
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Posted On: 04/21/2017 2:11:23 AM
The board of directors can also authorize the issuance of increased amount of Authorized shares.
From Investopedia :
"Capital stock is the total amount of stock, both common and preferred, that a company has the authorization to issue. This amount is usually initially stated in the company charter. However, the company commonly has the right to increase the amount of stock authorized for issuance through approval by its board of directors. Along with the right to buy back existing shares from stockholders, a company also has the right to issue more shares for sale."
GLTA
From Investopedia :
"Capital stock is the total amount of stock, both common and preferred, that a company has the authorization to issue. This amount is usually initially stated in the company charter. However, the company commonly has the right to increase the amount of stock authorized for issuance through approval by its board of directors. Along with the right to buy back existing shares from stockholders, a company also has the right to issue more shares for sale."
GLTA
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