... least £50 000. The company must have reissued at least 25% of the nominal value of the shares. Tesco can raise significant sums of capital by selling shares to the general public. Shares are bought and sold on the stock market. Management of Tesco is in the hands of the board of directors who are appointed by the major shareholders at the annual general meeting (AGM). Tesco has approximately 100 000 active shareholders within the company. Tescos share holders do not have any say in the day to day running of the company. There is a distinct division between ownership and control within Plc companies. This is unlike sole traders, partnerships and some private limited companies, where owners usually take on management duties. Being a plc Tesco benefits from limited liability this will limit financial risk. In the unlikely case of Tesco going bankrupt and falling into debt shareholders can ...

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