In the election or removal of directors of the corporation, an individual shareholder typically has the right to: X vote in the election of new directors. change the number of directors on the board. add a director without a vote. remove a director without a vote.
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- What is pivotal role of the board in corporate governance? (focus on the pivotal position of the board in handling the problem between shareholders and management)1-All businesses must start out as sole proprietorships before they can be partnerships. True or False 2-The right of survivorship attaches to joint tenants. True or False 3-Degree of control that one person exercises over the other is sufficient to determine whether there is an employment relationship. True or FalseDon't use chatgpt, I will 5 upvotes Manning Company issued 10,000 shares of its no-par common stock having a fair value of $30 per share and 15,000 shares of its $15 par value preferred stock having a fair value of $20 per share for a lump sum of $700,000. How much of the proceeds would be allocated to the common stock? a) $300,000 b) $350,000 c) $225,000 d) $200,000
- helpHow has Company law defined the scope and extent of a director’s duties?What is one of the primary roles that agency law plays in partnerships? Group of answer choices: A. Controls formation of the entity. B. Dictate how the partners can operate the business. C. Whether or not a partner can bind the partnership to obligations or liabilities. D. Dictates what the operating agreement must state..
- Presented below are different cases relating to various investors. Discuss and justify whether each investor has the power to direct the relevant activities of its respective investee. You may assume. unless otherwise stated. that the voting rights in each investee are used by the investors to elect members onto the investee's board of directors or to direct the relevant activities of the investee. a) Petro acquired 240 (80%) of the ordinary shares of Salt and 160 (40%) of its N class shares. Each ordinary share carries 1/2 voting tight and each N share carries 1 voting right. b) Petunia acquired 40% of the ordinary shares of Sam. Each ordinary share carries 1 voting The remainder of the voting rights in Sam are held by two individuals that are independent of Petunia. c) Polly acquired 20% of the ordinary shares of Sun. A further 60% of the ordinary shares of Sun are owned by Interim (Polly holds 70% of the shares in Intern*. d) Press acquired 20% of the voting rights in Slim. Press is…"The Board has adopted Corporate Governance Policies to ensure that the Board has the necessary authority and processes in place to review and evaluate our business operations as needed and to make decisions that are independent of our management. These policies include practices the Board follows with respect to its composition and selection, regular evaluations of the Board and its committees, Board meetings and involvement of senior management, senior management performance evaluation, and Board committees and compensation" Is a member of senior management present at all full Board and Board Committee meetings? Group of answer choices a) Yes b) It depends c) NoShareholders have numerous ways they can pressure firms to change their behavior – one of which is shareholder proposals. Shareholder activists use proposals to pressure firms in a variety of areas. Choose a company that you would like to see change their practices or strategy in some way. In the form of a letter, write a brief proposal outlining your request to the company (this should be addressed to the company leaders/board of directors).
- Who has the right to elect the Board of Directors? a. The common shareholders b. The preferred shareholders c. The officers of the corporation d. All shareholders1. Goldie and Hattie want to develop real estate and want to organize it under their state's Revised Uniform Limited Partnership Act. (a) Please advise Goldie and Hattie about what they will need to create and capitalize their partnership. (b) What advantages does the limited partnership business form offer to them over the general partnership? (c) What should Goldie and Hattie expect about their personal liability and tax situation?Felicia is starting an e-commerce business. She is deciding which entity to use for the business. All of the following are true related to entity characteristics, except: O You don't necessarily have to create an entity to operate a business. O Cash taken out of partnerships/S-Corps by owners is generally not taxable. O Partnerships and S Corporations, generally, do not pay entity level income taxes OC Corporations pay an entity level tax and any dividends to shareholders are not taxable.