Topic 1 Flashcards
1
Right to receive declared dividends.
2
Right to inspect books and records.
3
Right to keep their ownership level in the company the same if new shares are issued (pre-emptive right).
4
Right to sue on company’s behalf if a violation of fiduciary duty occurs (officer not exercising care and due diligence).
5
Right to possible cumulative voting rights (stock owner can vote once for each board seat for each share owned).
2
Responsible for overseeing the daily operations of the company.
3
Hiring/firing of the chief executive officer (CEO).
4
Determine the mission of company.
5
Decide the declaration/payment of dividends.
1
Right to receive declared dividends.
2
Right to inspect books and records.
3
Right to keep their ownership level in the company the same if new shares are issued (pre-emptive right).
4
Right to sue on company’s behalf if a violation of fiduciary duty occurs (officer not exercising care and due diligence).
5
Right to possible cumulative voting rights (stock owner can vote once for each board seat for each share owned).
2
Responsible for overseeing the daily operations of the company.
