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corporations chartered by government as approved monopolies
Chartered companies were usually formed, incorporated and legitimised under a royal or, in republics, an equivalent government charter. [ This document set out the terms under which the company could trade; defined its boundaries of influence, and described its rights and responsibilities. For example, the charter of the British South Africa Company, given by Queen Victoria, allowed the company to: Trade with African rulers such as King Lobengula Form banks Own, manage and grant or distribute land Raise its own police force (the British South Africa Police). ]
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Expert answered|kaysha|Points 5155|
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Asked 1/29/2013 10:08:49 AM
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