IOC Full Form – What Is IOC, Definition, Meaning, Uses

IOC Full Form Friends, in this article, we’ll look at the full form of the IOC. It is a non-profit, independent international organization that governs the Olympic movement worldwide. The International Olympic Committee (IOC) is in charge of organizing the modern Olympic Games as well as the Youth Olympic Games (YOG), which take place every four years in the summer and winter. The International Olympic Committee is based in Lausanne, Switzerland. It was formed on June 23, 1894, by Pierre de Coubertin and Demetrios Vikeles, and the first modern Olympic Games were held in Athens, Greece, on April 6, 1896.

Thomas Bach will be President of the IOC in April 2020, while Christoph de Keeper will be Director General. The chairman directs the committee’s operations, while the IOC session and executive board make major decisions. It now has 95 active member nations and 44 honorary member states as of April 2019.

IOC Full Form

International Olympic Committee is the full form of the IOC. The International Olympic Committee (IOC) is a non-profit, independent international organization that governs the Olympic Movement. The company’s headquarters are in Lausanne, Switzerland. The chairman directs the committee’s operations, while the IOC session and executive board make major decisions.

IOC: International Olympic Committee

IOC Full Form
IOC Full Form

It was founded on June 23, 1894, and the first modern Olympic Games were held on April 6, 1896, in Athens, Greece, and it has been developing ever since. The IOC raises funds for the Olympics through marketing initiatives such as broadcast rights sales and the Olympic Partner TOP program. Over 90% of this money goes to aid athletes and sports organizations all over the world.

What exactly is IOC?

Indian Oil Corporation (IOC) has started a share buyback program. For your knowledge, the company’s shares gained roughly 3% in early trade on Friday as a result of this. The corporation has announced a 3.06 percent stock buyback. This boom was obvious in the company’s stock after that.

The stock would be bought back at a price of Rs 149 per share. The corporation would purchase back shares worth Rs 4,435 crore from investors as part of this deal. On Thursday, the IOC board of directors met. This is where the buyback decision was made. For the fiscal year 2018-19, the company’s board of directors approved 67.5 percent.

The government owns 54.06 percent of this corporation. She is also eligible to participate in the repurchase. The government intends to raise at least Rs 5,000 crore from state-owned enterprises like as Coal India, BHEL, and Oil India through buyback offers. A dozen other central PSUs have declared plans to buy back shares, in addition to IOC. NHPC, BHEL, NALCO, NLC, Cochin Shipyard, and KIOCL are among them.

Around 2 p.m., IOC’s stock had gained 3.43 percent. On Thursday, it finished at Rs 137.20. The stock opened strong at Rs 141.10 on Friday. Its low point was Rs 140.25 at the time. In a surge of investor buying, it once hit Rs 142.35. The term “buyback” refers to a firm purchasing its own shares from investors. You may think of it as the inverse of an IPO. After the repurchase is finished, these shares will no longer exist.

Tender offers and open market buybacks are the two most common techniques. The corporation makes the buyback decision for a variety of reasons. The largest factor is the company’s excess cash on the balance sheet. Having too much cash in the organization is not a good thing. This gives the appearance that the business is unable to use its funds. The corporation buys back shares with its excess cash.

Major Functions

According to the Olympic Charter, the IOC has a number of roles and responsibilities, including the following:

  • Encourage and support the promotion of sports ethics.
  • To safeguard Olympic movement freedom and ensure that the Olympic Games are held on a regular basis.
  • To combat all forms of discrimination that could harm the Olympic Movement.
  • To encourage and support activities that combine athletics, education, and culture.
  • Support environmental concerns and encourage sustainable development in sport.
  • To combat doping in sports, match rigging, and any other political or commercial misuse of sportsmen.
  • To support and encourage the International Olympic Academy’s and other institutions’ efforts related to Olympic education.
  • The International Olympic Committee (IOC) is the modern Olympic Games’ regulating body, and it is dedicated to encouraging and supporting participation in the sport around the world. It is situated in Geneva, Switzerland, and was created in 1894 by Pierre de Coubertin.
  • The IOC is made up of roughly 100 members that include former and active athletes, representatives of national Olympic committees, and members of international federations. It makes decisions on all elements of the Games overseas, including which country will host the Games.
  • The National Olympic Committees (NOCs) are in charge of marketing the sport in their country. Individual sports rules and regulations are administered by International Federations (IFs). A President leads the International Olympic Committee. The President of the IOC was originally supposed to be from the country hosting the next Olympic Games, but that was modified in 1896.

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