Royal Greenland
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Royal Greenland
Royal Greenland A/S is a fishing company in Greenland, spun off from Kalaallit Niuerfiat in 1990 but still wholly owned by the Government of Greenland. The company operates in a number of towns and settlements in Greenland, with 20 fish processing plants and ship bases of local subsidiary units. Some of the processing plants were closed between 2007 and 2009. Royal Greenland had an annual net profit of DKK 335 million before tax in 2016. History The Royal Greenland Trading Department was founded in 1774 as a Dano-Norwegian state enterprise charged with administering the Danish settlements and trade in Greenland. The company's monopoly was finally ended in 1950 and the Home Rule Government, introduced in 1979, gained control in 1986,MIPI.Pilersuisoq KNI A/S". Mipi.nanoq.gl, Accessed 2 May 2012. Dahl, Jens. Saqqaq: An Inuit Hunting Community in the Modern World'. Univ. of Toronto Press, 2000. first renaming it "Kalaallit Niuerfiat"Culture Greenland.". Accessed 2 May 2012. a ...
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Aktieselskab
''Aktieselskab'' (; abbr.: A/S, or a/s, Unicode ; literally meaning: "stock company") is the Danish name for a stock-based corporation. An ''aktieselskab'' may be either publicly traded or private. Liability The shareholders of an ''aktieselskab'' are not liable for the debts of the company. This can be used to protect the assets of the company against creditors by forming a group of companies. If an A/S is owned by a holding company (typically another A/S), the profit from the production company can be transferred to the holding company. Since there is no liability for the owners of an A/S, creditors from the production company will not be able to claim the profit in case of bankruptcy. Professional creditors, such as banks, protect themselves from this by demanding that the holding company guarantees the debts of the production company. Formation of an ''aktieselskab'' The formation of an ''aktieselskab'' requires a number of steps, including the following: *Notification c ...
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Commercial Fishing
Commercial fishing is the activity of catching fish and other seafood for commercial profit, mostly from wild fisheries. It provides a large quantity of food to many countries around the world, but those who practice it as an industry must often pursue fish far into the ocean under adverse conditions. Large-scale commercial fishing is also known as industrial fishing. The major fishing industries are not only owned by major corporations but by small families as well. In order to adapt to declining fish populations and increased demand, many commercial fishing operations have reduced the sustainability of their harvest by fishing further down the food chain. This raises concern for fishery managers and researchers, who highlight how further they say that for those reasons, the sustainability of the marine ecosystems could be in danger of collapsing. Commercial fishermen harvest a wide variety of animals. However, a very small number of species support the majority of the world ...
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