About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

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

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


SHAREHOLDERS' PARTICIPATION IN THE AFFAIRS
        OF PUBLIC COMPANIES: AN INSIGHT

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



                         ABSTRACT
      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
      companies


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

What Is HeinOnline?

HeinOnline is a subscription-based resource containing nearly 3,000 academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline with pricing starting as low as $29.95

Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most