- Major decisions which would have an effect on the shareholders’ rights are usually required.
Only certain acts can be done by the shareholders such as; removing a director from office, changing the name of the company, or authorising a service contract for a director which gives him job security for more than two years. In general, shareholders have little power over the directors and how they run the company, but their main role is to attend meeting and discuss what ever is on the agenda to ensure the directors do not go beyond their powers.