Must know Things about Shareholders’ Meeting in a Startup
Jan 18, 2017 · 1 min read
Shareholders meetings help facilitate shareholders’ engagement with company management and the board of directors. Resolutions passed at all such meetings are binding on the company and its stakeholders.
Is the Shareholder powerful at all? Yes he is, reason being:
- Passing resolutions at shareholder meetings
- Voting out directors
- Electing to sell their shares
- Exercising minority buy-out rights
- Requesting the company in writing to provide information held by the company
- Requiring the company to provide the shareholder with a statement of the shares that he or she holds, and of the various rights, privileges, conditions and limitations that attach to those shares
- Participation in various decisions requiring the unanimous assent of shareholders (see below)
- Alterations to the constitution
- Alterations to shareholders’ rights
- Decisions involving major transactions
- Decisions involving remuneration and other benefits
- See more at: http://blog.wazzeer.com/must-know-things-shareholders-meeting-startup/#sthash.tAS66u9Y.dpuf
