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Maassen and Brown on the Effectiveness of Shareholders Meetings.pdf Download

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The fundamental underpinning that is supposedly the foundation of corporate democracy is the ability of shareholders to exercise these rights. In addition to financial compensation as residual claimants, a fundamental right of shareholders is to elect the board of directors and, when necessary, to take remedial action in the form of board dismissals and election of new directors.

While there are other formalities dealt with at shareholders meetings, including shareholder approval of significant transactions, appointment of auditors, and approval of financial statements, the pivotal power of the shareholders is the ability to control management through control of a board’s composition at shareholders’ meetings.

This chapter provides an overview of the effectiveness of shareholders’ meetings.

Submitted On:
16 Jul 2011
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