An owner of one or more shares in a corporation. A common shareholder is normally entitled to four basic rights of ownership:

(a) Claim on a share of the company's undivided assets in proportion to the number of shares held;
(b) Proportionate voting power in the election of directors and other business conducted at shareholders meetings or by proxy;
(c) Dividends when earned and declared by the board of directors; and
(d) Pre-emptive right to subscribe to additional share offerings before they are available to the general public, except when overruled by the Memorandum and Articles of Association, or in special circumstances or resolutions, such as where shares are issued to effect a merger.
Added: January 2014