Shareholders' rights and the acquisition of control in a company
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Authors
Buckland, Jeffrey Lawton
Issue Date
1992-01
Type
Dissertation
Language
en
Keywords
Alternative Title
Abstract
The shareholders in general meeting and board of directors are the main governing
organs of a company. Control of the general meeting theoretically ensures control of
the composition of the board of directors who are usually empowered by the articles
to manage the day-to-day administration of the company. The company acts by
shareholders and directors voting and passing resolutions in general meeting and
board meetings respectively. Controlling sufficient votes to pass resolutions in general
and board meetings is therefore the essence of corporate control. A shareholder's
right to vote in general meeting is a proprietary legal right, severable from the other
incidents of share ownership. By aggregating voting rights, or limiting the scope of the
voting rights of some shareholders, or restricting ownership of voting rights to certain
specified persons, voting control in the general meeting may be acquired.
Description
Citation
Buckland, Jeffrey Lawton (1992) Shareholders' rights and the acquisition of control in a company, University of South Africa, Pretoria, <http://hdl.handle.net/10500/16124>