The authority and duties of shareholders, Financial Management

The authority and duties of members (shareholders)

Members and shareholders shall together and severally protect, conserve and actively exercise the supreme authority of the corporation in common meeting (AGM). They have a duty to exercise which supreme authority to:

  1. Make sure that only competent and dependable persons who can add value are chosen or appointed to the board of directors (BOD).
  2. Make sure that the BOD is continuously held accountable and responsible for the proficient and efficient governance of the corporation so as to attain corporate objective, prospering and sustainability.
  3. Change the composition of the BOD which does not execute to expectation or in accordance with permission of the corporation.
Posted Date: 12/8/2012 7:04:03 AM | Location : United States







Related Discussions:- The authority and duties of shareholders, Assignment Help, Ask Question on The authority and duties of shareholders, Get Answer, Expert's Help, The authority and duties of shareholders Discussions

Write discussion on The authority and duties of shareholders
Your posts are moderated
Related Questions
Is depreciation the loss of value of fixed assets No. An operative (and not a pseudo-philosophical) explanation of depreciation might be: it is a number that allows us to save

It is true that company monetary statements will often consist of narrative information about staff as a key resource. However, under accounting regulation this resource is not sho

Estimating the market value of a share The dividend expansion model suggests a method whereby share values can be estimated from information on the required return on equity an

A Ltd sells goods at Rs.10.P.U. Its variable cost Rs.7.P.U and fixed cost amount to Rs.1,70,000 it finances all its assets by equity funds. It pays 40% tax on its income. Z Ltd is

In the case of dual currency bonds, the interest is paid in one currency, while the principal repayment is made in another currency. Deep Di

Citilink has just completed its 2010/11 management accounts. The directors are going to review the financial statements in the next board meeting. You have to prepare a FINANCIAL

Problem There are two investment plans in the market whose details are given below based on which you need to decide which investment plan you need to select. Propose which inv

Incremental Cost The measured change in a firm's cost of production due to an additional activity pursued by the firm. Incremental costs can be measured by the cost difference

Discuss the process of bringing a new international bond issue to market. Answer:  A borrower desiring to increase funds by issuing Eurobonds to the investing public will conta

Employees' Provident Fund (EPF) The Employees' Provident Fund (EPF) Act, 1952 is the earliest legislation related to old age income security in India. It is a contributory prov