There are several stockholders in case of a public corporation. However, the management functions are not performed by the stockholders in case of a public corporation. In case of a public corporation, there is trading done publicly of the stock by letting the stock get exposure in the stock market (Clarkson, Miller & Cross, 2016). However, in case of a publicly held corporation, there are only a few stockholders. These stockholders can perform management functions and be responsible for running the company (Clarkson, Miller & Cross, 2016).