Glossary

What Does “Ownership” Mean at InterCoast Colleges?

Ownership is the holding of legal title to a business: the corporation that owns it, the people who hold its stock, and the officers who lead it.

What it means

A corporation is a company incorporated under state law, and a stockholder is a person who holds shares in it.

A chief executive officer, abbreviated CEO, is the highest-ranking officer of a corporation, and a president is likewise a corporate officer.

The corporation is Inter-coast International Training, Inc. Dr. Geeta Brown is the 100% stockholder, president and CEO.

What the catalog says

InterCoast Colleges’ catalog states this under “OWNERSHIP” (p. 78).

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