Director elected by small shareholders ensures listed companies include a board seat representing small investors under prescribed terms. A listed company may provide for a director elected by small shareholders, limited to one director, to be appointed in the manner and on the terms and ... Summary
Director elected by small shareholders ensures listed companies include a board seat representing small investors under prescribed terms.
A listed company may provide for a director elected by small shareholders, limited to one director, to be appointed in the manner and on the terms and conditions prescribed. "Small shareholders" are defined by a nominal shareholding threshold not exceeding a prescribed sum, with the exact limit and procedural details to be set by regulation.
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