Closely Held Companies In smaller companies and start-ups, a chief executive officer often is the individual who founded the business and who remains the principal shareholder. Corporate structure and executive positions are not defined by stock holdings, but in cases where a CEO also happens to be a majority shareholder, the company is "closely held" and less subject to shareholder votes and demands. This is the reason many closely held companies resist going public, even after many years of success. BRWC IS H20 GOLD. .
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