A share of common stock that a candidate for a company's board of Directions (BOD) is required to own. The term does not reflect a difference in the properties of a qualifying share compared to common shares held by other shareholders. Instead, it refers to the requirement that a member of the board must hold a vested interest in the operation of the enterprise in the form of company stock.
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contributor of capital
Opening Automated Reporting System (OARS)
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