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Listed co. taking up a controversial project

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBL Exams › Listed co. taking up a controversial project

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by Ken Garrett.
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  • April 3, 2022 at 8:13 am #652572
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    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?

    April 3, 2022 at 8:28 pm #652660
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10594
    • ☆☆☆☆☆

    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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