Practice question · Select all that apply
Which rights does an ordinary S.A. share confer on its holder?
Hints
- A share carries money rights and voice, not management power.
- Daily business belongs to the appointed organ however large the holding.
Show the answer
- B. Proportional dividend when distribution is agreed
- C. Preferential subscription of new shares
- D. Voting at the general meeting
Why
Shares carry money and voice, not management: daily business belongs to the board, however many shares you own, governance and management are deliberately split.
Practise Joint-Stock Companies (S.A.)
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