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

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