Question
When necessary, Shareholders have residual decision-making powers to assist in situations where the Board of Directors are unable to act due to a decision deadlock.
When necessary, Shareholders have residual decision-making powers to assist in situations where the Board of Directors are unable to act due to a decision deadlock. This means Shareholders can help to break the deadlock by voting on business decisions. Do you agree with this statement? You must refer to law.
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The Legal Environment of Business
Authors: Roger E. Meiners, Al H. Ringleb, Frances L. Edwards
13th edition
1337095494, 978-1337516044, 133751604X, 978-1337095495
