Shareholders’ rights to influence the corporation centre on certain
fundamental issues, such as the election of board members, or other means of
influencing the composition of the board, amendments to the company's organic
documents, approval of extraordinary transactions, and other basic issues as
specified in company law and internal company statutes. This Section can be
seen as a statement of the most basic rights of shareholders, which are
recognised by law in most countries. Additional rights such as the approval or
20 G20/OECD PRINCIPLES OF CORPORATE GOVERNANCE © OECD 2015
election of auditors, direct nomination of board members, the ability to pledge
shares, the approval of distributions of profits, shareholder ability to vote on
board member and/or key executive compensation, approval of material related
party transactions and others have also been established in various jurisdictions.