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.
A principle that no person or government official can legally perform an act that tends to injure the public. Public policy manifests the common sense and common conscience of the citizens as a whole that extends throughout the state and is applied to matters of public health, safety, and welfare. It is general, well-settled public opinion relating to the duties of citizens to their fellow citizens. It imports something that fluctuates with the changing economic needs, social customs, and moral aspirations of the people. Public policy enters into, and influences, the enactment, execution, and interpretation of legislation.