Q:

What are the shareholders' duties?

A:

The duties of shareholders are to attend general meetings called by directors, resolve matters that arise at the meetings, and oversee the directors and their actions to make sure the directors act within their powers. Shareholders can vote two types of resolutions: an ordinary resolution and a special resolution.

If a simple majority of shareholders vote, an ordinary resolution will pass. It takes 50 percent of the votes for the resolution to be valid. A special resolution may be required for a specific vote. For a special resolution to take effect, a 75 percent majority must vote in favor of the proposal.

Sources:

  1. inbrief.co.uk

Is this answer helpful?

Similar Questions

  • Q:

    What is a presentation package?

    A:

    A presentation package is a software program that provides the resources necessary to give a professional presentation for meetings, lectures, speeches or other similar situations. Displays often include slideshows, and other customization options that can be tailored to the presenter's specific needs.

    Full Answer >
    Filed Under:
  • Q:

    How do you write a price quotation?

    A:

    To write a price quotation, consider the customer and his requirements, recap the matters already discussed, list a specific price and close by providing directions on how to finish the deal.

    Full Answer >
    Filed Under:
  • Q:

    What are the five non-legislative powers of Congress?

    A:

    The non-legislative powers of Congress include the abilities to amend the constitution, approve presidential appointments, investigate matters that interfere with or impede its legislative duties, impeach officials, and choose a president if no majority winner emerges as the result of an election. The Senate also must approve candidates for vice president because the vice president is also the president of the Senate.

    Full Answer >
    Filed Under:
  • Q:

    How much money does a director make a year?

    A:

    According to the U.S. Bureau of Labor Statistics, the 2012 median annual salary for directors of television, theater, movies or other productions was $71,350. "Median" indicates the middle income level; half the directors made more, while half made less. Directors in the bottom 10 percent made under $32,080 that year, and the top 10 percent earned over $187,200.

    Full Answer >
    Filed Under:

Explore