Observation

Majority of the candidates who attempted this question performed poorly.  The expected answers included:

(b) Rights of the Ordinary Shareholder

- The right to vote at shareholders meeting;

- A right to a share in the profits earned by the company;

- A right to a share in the surplus arising out of liquidation of the company;

- A right to transfer ownership of shares/right to sell shares;

- A right to receive a copy of the annual report;

- A right to attend Annual General Meeting of the company; - A right to appoint a proxy to vote on one’s behalf.