Tag Archives: Executive Board

Joint-Stock Company Update

ProEconomica Team posted a new updated concerning the newly implemented … and removed Joint-Stock Companies.

Unlike the regular companies that generate virtual shares a Joint-Stock Company is a gold factory, it has the capability to generate gold everyday. Therefor a JSC generates 50 gold/day at level 1, after that the amount of generated gold will increase with about 5 gold every level. The earnings can be shared among the shareholders based on the amount of the shares owned.

Joint-Stock Companies main traits:

  • Can be created by one or more players
  • A player must pay at least 10% of the JSC cost to open one
  • To become a shareholder you only need to buy 1% of the total shares
  • The first 3 players with the most shares owned will form the Executive Board/Board of Directors
  • The board of Directors can propose up to 3 shareholders for the General Director (CEO) job.
  • All shareholders can vote after the candidates are chosen
  • All shareholders have equal vote rights no matter how many shares they own
  • In case there is only one founder he will be automatically  become the General Director (CEO) and will receive a salary based on the profit of the company
General Director (CEO) attributes
  • He is in charge of manufacturing
  • Buys the raw materials
  • Converts the earnings in GOLD
  • Distributes the earnings and gold to the shareholders
  • Hires employees
  • Upgrades the level of the Joint-Stock Company
There was also a small update concerning the number of virtual shares generated when leveling up your company :
LevelVirtual Shares
225
350
475
5100
6125
7150
8175
9200
10 - 15200
16 - 20250

 

 


Upcoming Joint-Stock Companies

Yesterday the admins announced the implementation of the joint-stock companies, the first one will be a Bank and it should be implemented sometime in April. Until then they have given a rough description about how Joint-Stock Companies will work.

What is the difference between a regular company and a Joint – Stock Company?

Well the main differences are that a joint-stock company also known as JSC can have multiple shareholders, shareholders can appoint by voting a General Director (CEO), that will manage the company, and it offers the possibility to earn gold.

In time joint-stock companies will offer players electricity, water, materials, petrol, means of production, etc.

You can read more about the way banks and other joint-stock companies will work here.

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