This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1894 Excerpt: ...POWERS AND THEIR PAT. 143 and if, as is too frequently the case, they should discover that these articles, in the framing of which they have had no voice One-sided and which they seldom or never see, have been so devised as to deprive them of their just rights, they can only effect a change at the sword's point, that ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1894 Excerpt: ...POWERS AND THEIR PAT. 143 and if, as is too frequently the case, they should discover that these articles, in the framing of which they have had no voice One-sided and which they seldom or never see, have been so devised as to deprive them of their just rights, they can only effect a change at the sword's point, that is, by means of a hostile "special resolution." This in practice is almost an impossibility. Nearly every company has its own special set of articles, and though these are for the most part copied almost verbatim from "Table A," the modifications are often of a one-sided character, sometimes unrestrictedly vesting in the directors all the powers of the company and thus enabling them, for example, to issue share or debenture capital, or to mortgage or sell the company's property, without consulting the shareholders. One of the most objectionable affects the directors' tenure of office, and, setting aside the wholesome rule for retirement and a fresh election at the statutory meeting, provides in its stead that the first directors--not the choice of the shareholders but of the promoters--shall remain in office for a fixed term. As a matter of course, follows another, equally contrary to the provisions of "Table A," fixing the REMUNERATION OF THE DIRECTORS, in place of leaving it to the shareholders, and sometimes fixing Directors' it at an inordinate figure. Though there is little fear of directors' services not being liberally, and even generously, rewarded by a meeting of British investors, good care is usually taken--if not actually by themselves at all events by their allies the promoters--not to leave so important a matter to chance; nor do they err on the side of being too modest. In the case of one quite respe...
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Add this copy of Investor's and Shareholder's Guide... to cart. $52.18, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2012 by Nabu Press.