Ownership is the disclosure of who holds legal title to an institution — the corporation that operates it and the people who own and control that corporation.
What it means
A corporation is a legal entity that is owned by its stockholders.
A stockholder holds shares in the corporation, and an owner may also serve as an officer, such as president or chief executive officer.
What the catalog says
InterCoast Colleges’ catalog states this under “OWNERSHIP” (p. 78).
The corporation is Inter-coast International Training, Inc.
The catalog states: “Dr. Geeta Brown, 100% Stockholder/President/CEO”