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Rights of shareholders

Shareholders have one vote for each share they hold on a poll at a general meeting.  They have the right to an equal share in any dividend.  They have the right to an equal share in any surplus assets – that is, assets that remain when a company has paid its creditors before it is removed from the register.  These rights can all be varied in a constitution.

Shareholders have no right to participate in the management of a company’s business or in its affairs (filing notice or documents with the Registrar, for example), unless the Act or the constitution allows this.  Directors are appointed to manage the company’s business and affairs.

 

Last updated 15 January 2015