A corporation is not owned by its shareholders1. INTRODUCTION: In this report I will discuss a new concept of Company, i.e. whether a company is owned by its shareholders or not. Shareholders of a company have their specific rights which are guaranteed by law. First I will explain what the shareholders of a company are able to do and then the ethics and social responsibility of the company, which will help to find a decision on this topic. History finds that although some forms of society are thought to have existed during Ancient Rome and Ancient Greece, the closest and most recognizable ancestors of modern society did not appear until the second millennium. The first companies were purely economic ventures; it was only belatedly realized that an incidental advantage of holding joint stock shares was that the company's shares could not be seized for the debts of any individual member. Previously the company was considered the property of its shareholders, but now according to the new socioeconomic thinking, it is a social institution that has responsibilities towards society, not only towards workers but also towards consumers and other members of the community. 2. PART A: DEFINITIONS AND VIEWS OF PHILOSOPHERS Lord Justice Lindley defines a company as follows: A company means an association of many persons who contribute money or money's value to an ordinary stock and employ it for a common purpose. The companies are distinguished by legal aspects and regulatory purposes between public companies and private companies. And public companies can be classified into three types; a) joint stock company, b) joint stock company and c) limited liability company. A private company with unlimited liability cannot exist.3. PART B: THE LEGAL STATUS OF SHAREHOLDER RIGHTS A shareholder (or shareholder) is an individual or company (including a corporation) that legally owns one or more shares in a public limited company. Companies listed on the stock market are expected to strive to increase shareholder value. Shareholders have the right to vote (usually one vote per share held) on matters such as the election of directors, key transactions, proxy rules, etc.; sell your shares at any time to generate profits, as well as the right to participate in the company's income distributions, the right to purchase new shares issued by the company, and the right to the company's assets during the company's liquidation .