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Unformatted text preview: ⋅ Number of directors ⋅ Location of operations ⋅ Purpose of business Control of the Corporation Shareholders – elect people to board of directors Board of directors- elect senior management Senior Management The Shareholders Owners of the corporation Basically, there are two classifications of shareholders: ⋅ Common (residual) ⋅ Preferred Rights of the Shareholder To vote for the Board (one vote per share) can give proxy to someone Te receive dividends if declared; if the profits are distributed to the shareholders then they are called dividends To hold/sell any share registered in name To share in assets on a pro rata basis; government gets paid off first if the business is liquidated Pre-emptive right (the right to maintain percentage ownership of business) To inspect the books...
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This note was uploaded on 12/09/2010 for the course TELFER ADM 1300 taught by Professor Peterkoppel during the Spring '10 term at University of Ottawa.
- Spring '10