23
ownership in the company in the event that the company issues
another offering of stock. This means that common shareholders with
preemptive rights have the right but not the obligation to purchase as
many new shares of the stock as it would take to maintain their
proportional ownership in the company. also called junior equity.”
Pengertian tersebut dapat diterjemahkan sebagai berikut:
“sekuritas menggantikan
kepemilikan
modal,
hak
voting,
dan
membagikan keuntungan perusahaan dengan membagikan dividen
dan/atau
apresiasi
modal.
Dalam kasus
likuidasi,
pemegang
saham
umum memiliki
hak
atas
aset
perusahaan
setelah hak
dari
bondholders,
hak
kreditur,
dan
hak
pemegang
preferred
stock telah
dipenuhi.
Pada
umumnya,
pemegang
saham umum mendapatkan
satu
hak
suara
atas
satu
lembar
saham
yang
dimilikinya
dalam
pemilihan
dewan
direktur
perusahaan.
Pemegang
saham
umum
juga
memiliki
hak
suara
dalam pembahasan
permasalahan
perusahaan
lainya,
seperti
pemecahan
saham
dan
perumusan
tujuan perusahaan.
Sebagai
tambahan atas hak suara mereka, pemegang saham umum memiliki
preemptive
rights,
dimana
pemegang
saham umum tersebut
dapat
menjaga
proporsi
kepemilikan
mereka
dalam perusahaan
saat
perusahaan mengeluarkan tambahan lembar saham.
Artinya,
pemegang
saham
umum
yang
memiliki
preemptive
rights
memiliki
hak
untuk
menambah
persentase
saham yang
dimiliki
sebelum
penambahan sehingga setelah perusahaan mengeluarkan lembar saham
baru,
pemilik
saham umum dapat
menjaga
proporsi
kepemilikan
sahamnya
di
perusahaan
tetap
sama
sebelum dan
sesudah
dikeluarkannya sejumlah lembar saham baru.”
Menurut
Business
Dictionary
Common
Stock
adalah :
“Type
of
security
that
serves as
an
evidence
of
proportionate
ownership, imparts proportionate voting rights, and gives its holder
unlimited proportionate claim
on
the
assets
and
income
of
the
firm
(after the claims of lenders, and other obligations, are satisfied).
Common
stock
constitutes the
equity
capital
(also
called
risk
capital)
of the firm which is never paid back (redeemed), and is lost if the firm
fails. Common stock usually has a par
value
(amount for
which
each
share
is
sold
for
when
first
issued) but
has
no
guaranteed
value
afterwards. In bad
years, common stock holders may receive little or
no income (dividends) at all. But, in good years, there is no limit to the
amount they may receive except the limits imposed by the government,
the lenders, or the financial position of the firm. Common stock
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