A company is not the property of its shareholders1. INTRODUCTION: In this report, I will discuss a new concept of business which is whether a company is owned by its shareholders or not. Shareholders of a company have specific rights that are guaranteed by law. I will first explain what the shareholders of a company are capable of doing, then the ethics and social responsibility of the company, which will help make a decision in favor of this argument. History finds that although some forms of business are considered to have existed during ancient Rome and ancient Greece, the closest recognizable ancestors of modern business did not appear until the second millennium. The first enterprises were purely economic enterprises; it was only belatedly realized that an incidental advantage of holding joint stock was that the company's shares could not be seized for the debts of an individual member. Previously, society was considered the property of its shareholders, but now, according to the new socio-economic thinking, is a social institute that has responsibilities towards society, not only towards workers but also towards consumers and other members of the community.2. PART A: DEFINITIONS AND PHILOSOPHERS' VIEWS Lord Justice Lindley defines a company as follows: By company means an association of many persons who contribute money or money value to and employ an ordinary share for a common goal. Corporations are distinguished in legal aspects and for regulatory purposes between public companies and private companies. And public companies can be classified into three types: a) limited companies, b) companies limited by guarantee and c) unlimited companies. There cannot be a private enterprise with unlimited liability.3. PART B: THE LEGAL STATUS OF SHAREHOLDER RIGHTS A shareholder (or stockholder) is an individual or company (including a corporation) that legally owns one or more shares in a joint stock company. Publicly traded companies should strive to improve shareholder value. Shareholders have the right to vote (usually one vote per share held) on matters such as the election of directors, fundamental transactions, proxy rules, etc. ; sell their shares at any time to generate profits as well as the right to participate in distributions of company income, the right to purchase new shares issued by the company and the right to assets of a company during liquidation of the company .