Debt of Corporations

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Debt of Corporations Status: Please read our response

Detailed Description:

This poll is to limit the ways a state-owned corporation can take out loans. Too often I return to the game after being in classes to find that the debt level of my corporations has jumped--again. Quite often the companies take out loans right before closing down, and now my country which was debt free, has 400 billion in debt, practically overnight. When the corporation decides it needs extra funds, you should have the option of approving a loan, transferring money, or shutting the business down. If you believe that corporations should have to ask consent prior to taking out loans, vote yes.

21 gamers voted for the proposal.
16 gamers voted against the proposal.

The proposal has been ACCEPTED.

W3Creative reaction:

This will require repeated manual interventions and does not cost less when the corporation is closed. If a loan is taken and the corporation closes, the loan is transferred to the country but the cash from the loan is also transferred so money is not lost.

Corporations never go negative on their cash. They must take a loan.

We suggest the automation of cash transfers from the country as requested in another very recent vote and we agreed to add to the game.

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