PJSC

Public Joint-Stock Company (PJSC) is a legal status of a joint-stock company in Russia and other jurisdictions, primarily used in post-Soviet countries. The term refers to a business organization that combines elements of common stock and ownership characteristics, with certain states allowing PJSC status to be held while maintaining state ownership or stakes.

The concept is based on a joint-stock company (JSC) regulation modified to incorporate state share ownership or majority control. Pjsc stock can often be traded publicly, reflecting a mix of public and private ownership similarities. In Russia, PJSC entities are divided into state, municipal, and private ownership entities, facilitating a mechanism for state ownership to be exercised as needed according to national economic policies.

Regulatory differences mean PJSC organizations can be formed under varying law regimes across states with a more customized framework for each. In contrast, model stock market consultancies facilitate spontaneous market intervention in dividend declaration acts. Corporate governance ethics remain key considerations when dealing with economic personalities and executives associated with JSC operations.

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