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1 Int'l J. Advanced Legal Stud. & Governance 1 (2010)

handle is hein.journals/ijalsg1 and id is 1 raw text is: 


                    Lokulo-Sodipe, J. 0.
             Department of Private and Business Law
          University of lbadan, Ibadan, Oyo State, Nigeria
                  E-mail: jadesolals @gmail.com

      The aim of this study was to have an insight into the
      participation of shareholders in the affairs of public
      companies. The information gathered in relation to
      this study revealed that the only way shareholders can
      actively participate in the affairs of public companies was
      by attending the Annual General Meeting (AGM) and
      exercise the powers reserved for them. However, as a matter
      of law, there is no enforceable obligation on the shareholders
      to attend the AGM of their companies for that matter, or
      indeed, actively participate in the affairs of the company,
      but such shareholders remain bound by any decision the
      meeting may take, their nonparticipation notwithstanding.
      Conclusively, the study submitted that active participation
      of shareholders in the AGM is capable of saving their
      companies from possible lapses that may be as a result
      of mismanagement. Therefore shareholders should attend
      meetings of their companies, mostly the AGM.
      Keywords: Shareholders, participation, affairs, public

International Journal of Advanced Legal Studes and       Governce Vol. 1 No.1, April 20101

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