LAW 603 Lecture Notes - Lecture 6: Financial Statement, Liability Insurance, Agency Cost

• School: Ryerson University
• Department: Law and Business
• Course: LAW 603
• Professor: Andre Serero

Document Summary

: residual claimants to the assets of the corporation and elect the directors: powers are to vote for election of directors, appoint auditor, vote on proposals made to them, directors, do not participate in managing business of corporation. : managing/supervising management of business of the corporation and internal affairs. Issuing shares, declaring dividends, calling shareholder meetings o: call meetings; obligated to call annual meetings at least every 15 months. : appointed by the directors of corporation and usually exercise management powers: officers delegated to them by directors. : distributed its shares to the public: shareholders can participate in meetings without attending by appointing a proxy to represent them and vote their shares. : person designated by shareholder to vote at shareholders". Proxy/proxy holder meeting on their behalf: management proxy circular proposals and other information related to shareholder"s meetings. : document sent to shareholders that contains management: sent with proxy form, dissident shareholders.