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The shareholders at an annual general meeting passed a resolutionfor the payment of dividend ata rate higher than recommended by the Board of Directors Examine the validity of the resolution Explain?
Wiki User
∙ 12y ago
Articles of companies usually contain provisions with regards to declaration of dividend on the pattern of regulations 85 to 94 of Table A of the Companies Act, 1956. Under the regulation 85, the power to declare a dividend vests with the general meeting, but it has no power to declare a dividend exceeding the amount recommended by the Board of Directors.
Wiki User
∙ 12y ago
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Who runs plc?
The board of directors run the PLC ( public limited company) however the people who own the business are the shareholders. The shareholders vote on the board of directors.
Who are the most important stakeholders in Barclay's bank plc?
Internal - Directors & shareholders. Directors implement strategies, shareholders influence the directors. External - Customers and competitors. Products and services are aimed at customers wants and needs and what their competitors are providing.
Who controls a public limited company?
The Directors control a public limited company. Directors are appointed by Shareholders in AGM.
Who controls public companies?
If you mean 'who owns public companies' the answer is the shareholders. If you mean 'who oversees the interests of the shareholders' the answer is the Board of Directors. If you mean 'who manages the day-to-day operations' the answer is the executives and officers of the corporation.
Who manages a corporation?
A corporation is ran by the Chief Executive Office, the CEO is held accountable to the board of directors, and the board of directors follow the demands of the shareholders.
How can a directors can be remove?
Artticles of Amendment Directors are elected to their positions by the shareholders of the corporation. The shareholders have the legal power to remove directors.
Can directors also be shareholders?
Yes, directors can be shareholders. In most small businesses, in fact, the directors are almost always shareholders. In larger companies, directors' compensation often includes stock or stock options so even individuals who did not own stock in the corporation at the time they were first elected as directors become shareholders over time through their purchase of stock or exercise of their stock options.
Who runs plc?
The board of directors run the PLC ( public limited company) however the people who own the business are the shareholders. The shareholders vote on the board of directors.
Can two directors eliminate the third director in a private limited company?
Directors are chosen by shareholders. Of course, in a private limited company, directors are probably also shareholders. But for two directors to fire a third director, they would have to control the majority of the shares.
Who are the most important stakeholders in Barclay's bank plc?
Internal - Directors & shareholders. Directors implement strategies, shareholders influence the directors. External - Customers and competitors. Products and services are aimed at customers wants and needs and what their competitors are providing.
How are corporate Directors elected?
The Board of Directors of a corporation are elected by the shareholders with one vote per share.
Who are the primary beneficiaries of audit report?
shareholders
Who do Directors owe their duties to?
Directors owe their duties to the organization at large and not individual shareholders. They act on behalf of the corporation and report to the board of directors.
Who controls a public limited company?
The Directors control a public limited company. Directors are appointed by Shareholders in AGM.
Who is the owner of public corporations?
In public corporations, ownership is dispersed among shareholders who own shares of the company's stock. Shareholders elect a board of directors to oversee the corporation on their behalf. Ultimately, the shareholders have ownership rights, but they delegate decision-making to the board of directors.
Is it ethical for a person on an organization board of directors to also be a shareholder of that organization?
Yes, it is ethical for a person on an organization's board of directors to also be a shareholder of that organization. In most small corporations, all of the directors are also shareholders. The directors, under corporate law, are managing the organization on behalf of the shareholders (and sometimes other stake holders). Who is in a better position to represent the interests of the shareholders other than a shareholder?
Who owns canwest?
Canwest has a board of directors who answer to shareholders. There is no one individual owner.
