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
QUESTION a) Discuss the importance of diversification in the context of stock markets using appropriate numerical illustrations. b) Mimine and Minush are two companies with

a) Describe five factors that should be taken into account by a businessman in making the choice between financing by short-term and long-term sources.

How can secondary market organised the exchanges and over the counter markets? Exchanges and over-the-counter (OTC) markets: Secondary markets can be organised by exchanges

How Howan acquisition should be implemented 1. Directors of the target company must be approached first and a firm offer of a price made on condition that all due diligence wor


Investing Surplus Cash : Cash not required for temporary periods of short durations can be invested in near-cash assets, i.e. marketable securities which are readily convertible in

SECURITIES AND EXCHANGE COMMISSION OF USA In the United States, securities industry is regulated by the United States Securities and Exchange Commission (SEC). It is the govern

conflicts between shareholders and government in agency relationship

Market participants' measure the default risk of an issue on the basis of the credit ratings that the credit rating agencies assign to the issues. Once rating is

QTL Tech has an issue of preferred shares outstanding with a $50 stated value that pays a dividend of 7.5%. There are 325,000 shares outstanding. QTL has not paid preferred share d