Sir suppose a company is taking up a controversial project, can the shareholders vote against it?
And if so how does it really happen? Through an Extraordinary General Meeting?
Ask the Tutor ACCA SBL
Listed co. taking up a controversial project
Not in general. Directors have pretty much free rental over a company's managment. Takeovers require shareholders' approval, however,
If shareholders are really upset they can seek to have directors replaced.
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