sample5.docx - Running head: CORPORATION PROJECT...

Running head:
CORPORATION PROJECT
Corporation Project
Student’s Name
Institution of Affiliation
Date

CORPORATION PROJECT 2
Coca-Cola Company
Rights of the shareholders in the by-laws
The regulations guiding the operations of the Coca-Cola Company are objective, and they
give the shareholders the right to make any relevant alterations as it deems necessary. There are
annual meetings held by the shareholders at a particular location specified by the Board of
Directors. The shareholders have the right to vote physically or by proxy allowed by an
instrument of writing or by any transmission accepted by the law. The Board of Directors has the
authority to fill any vacancy or decrease the size of the board (Hess, 2007).
The shareholders who have a majority of the share capital in the company shall comprise
of a quorum at all shareholder meetings. Shareholders receive notices on the adjournment of any
meeting if it is for more than thirty days. If the adjournment is for less than thirty days, the notice
is made as an announcement to the shareholders. Shareholders have the right to request a special
meeting upon submission of a written request to the company. The chair of the Board presides at
all shareholder meetings. The by-laws give the shareholders a fair treatment without so much
pressure from the board.
Status with the SEC
In 2011, there was a complaint filed by a shareholder of the company about the deception
of the public and failure to notify the shareholders of corporate events. The suit had been filed
twice earlier, and a third complaint was presented in 2013. The complaint was filed to report to
the US securities on a violation of the SEC rules by the CEO and chairman of the Coca-Cola
Company at that time (Hess, 2007). The director of the Coca-Cola Company did not inform the
public of the damaging government investigations relating to the company's activities in Mexico.

CORPORATION PROJECT 3
The complainant filed the issue to SEC against Coca-Cola since they continued to
deceive the shareholders and the public on the possible damage on the financial statement. It is
against the company laws, and the chairman had committed a similar fraud on the shareholders.
Mr. Kent, the chairman, had not acknowledged the several lawsuits filed in Mexico or the
investigations by the authorities.
Relevant lawsuits, from shareholders, competitors, the government, creditors and third
parties
In 1999 several African-Americans filed a lawsuit against the company on claims of
racial discrimination. They cited the discrimination occurred in pay, promotions and performance
appraisals (Wooten, 2004).
In 2001, the United Steelworkers Union and International Labor Rights Fund filed a case
against the company and other bottlers in a federal court. The complainants claimed that the
Coca-Cola Company hired officers that killed the leaders of Sinaltrainal . This suit lacked enough
evidence and was dismissed.