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Mr. Kevin, Mr. Justin and Mrs. Brown are the shareholders of the company Management Consulting Solutions INC. incorporated under the provisions of C.B.C.A. Mr. Kevin
Mr. Kevin, Mr. Justin and Mrs. Brown are the shareholders of the company Management Consulting Solutions INC. incorporated under the provisions of C.B.C.A. Mr. Kevin has 30 shares, class A, containing the right to vote and to participate to the remaining property in case of dissolution of the company. Mr. Justin has 35 shares, class C, containing the right to receive dividends and the right to vote. Mrs. Brown has 35, shares class B, containing the right to receive dividends. In order to manage the business and affairs of the company, a director of the company must be appointed. Question A: Indicate which are the shareholders having the right to elect the director and the number of votes that each shareholder is having. (5 points) ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ QUESTION B: The shareholders have elected Mrs. Peter as director of the company. Indicate which is the duration of her mandate. Explain the reasons of your answer-minimum 2 sentences (10 points) ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Question C: Indicate which are the shareholders having the right to remove Mrs. Peter of its functions and the minimum number of votes necessary for adopting this decision. (10 points). ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Mr. Kevin, Mr. Justin and Mrs. Brown are the shareholders of the company Management Consulting Solutions INC. incorporated under the provisions of C.B.C.A.
Mr. Kevin has 30 shares, class A, containing the right to vote and to participate to the remaining property in case of dissolution of the company.
Mr. Justin has 35 shares, class C, containing the right to receive dividends and the right to vote.
Mrs. Brown has 35, shares class B, containing the right to receive dividends.
In order to manage the business and affairs of the company, a director of the company must be appointed.
Question A: Indicate which are the shareholders having the right to elect the director and the number of votes that each shareholder is having. (5 points)
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
QUESTION B: The shareholders have elected Mrs. Peter as director of the company. Indicate which is the duration of her mandate. Explain the reasons of your answer-minimum 2 sentences (10 points) ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Question C: Indicate which are the shareholders having the right to remove Mrs. Peter of its functions and the minimum number of votes necessary for adopting this decision. (10 points). ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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