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. / LL.M / Private Law
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:unisa/oai:uir.unisa.ac.za:10500/16124 |
| Date | 01 1900 |
| Creators | Buckland, Jeffrey Lawton |
| Contributors | Havenga, M.K. |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Dissertation |
Page generated in 0.0019 seconds