CH10 - Chapter Ten Corporate Management S hareholders...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter Ten Corporate Management
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Shareholders’ Rights and Responsibilities Shareholder Shareholder : : An owner of a corporation; also called stockholder stockholder
Background image of page 2
Voting Rights Straight voting : voting in which each share of record has one vote (also called statutory voting) Cumulative voting : method of voting in election for directors in which each share carries as many votes as there are directors being elected Class voting : voting by a class of stock as a separate unit. Contingent voting : voting rights that exist only upon the occurrence of some event. Disproportionate voting : voting rights held by a class that is disproportionate to voting rights of other classes Nonvoting stock : stock that carries no voting
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Directors Directors are those who manage a corporation
Background image of page 4
Piercing the Veil Holding individual shareholders liable for corporate obligations Three most frequent examples of conduct that leads to piercing of the veil: Commingling of Assets Lack of Formalities Inadequate Capitalization
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/06/2012 for the course PARA 092 taught by Professor Stephanieferill during the Fall '11 term at DeAnza College.

Page1 / 12

CH10 - Chapter Ten Corporate Management S hareholders...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online