These are: â¢ The 'record' date. This is the date after which new buyers of the shares will not qualify for the pending dividend payments. In other words if you sell a share just before or buy a share just after the record date, you won't be entitled to the dividend.
public policy. 1. the fundamental policy on which laws rest, especially policy not yet enunciated in specific rules. 2. Law. the principle that injury to the public good or public order constitutes a basis for setting aside, or denying effect to, acts or transactions. Origin of public policy.
The policies that have been declared by the state that covers the state's citizens. These laws and policies allow the government to stop any action that is against the publics' interest. There may not be a specific policy that an action pertains to to but if it is not deemed good for the public it will be quashed.