• HC-7.3 HC-7.3 Shareholders' Rights

    • HC-7.3.1

      The Corporate Governance framework of a company must protect and facilitate the exercise of shareholders' rights.

      July 2011

    • HC-7.3.2

      Basic shareholders rights include but are not limited to:

      (a) Secure methods of ownership registration;
      (b) The transfer of shares;
      (c) Obtaining relevant and material information on the corporation on a timely and regular basis;
      (d) Participating and voting in general shareholder meetings;
      (e) Electing and removing members of the board;
      (f) Sharing in the profits of the corporation;
      (g) Presentations by independent advisers; and
      (h) Participating in corporate events.
      July 2011

    • HC-7.3.3

      Shareholders must have the right to participate in, and to be sufficiently informed on decisions concerning fundamental corporate changes, such as:

      (a) Amendments to the statutes, or articles of incorporation or similar governing documents of the company;
      (b) The authorization and approval of additional or new shares or securities; and
      (c) Extraordinary transactions, including the transfer of all or substantially all assets that in effect result in the sale of the company, including but not limited to transactions falling under Module TMA.
      July 2011