You own 20 percent of the shares of Ermine Inc and Adam owns the remaining 80 percent.

Question:

You own 20 percent of the shares of Ermine Inc and Adam owns the remaining 80 percent. Adam is the sole director and runs the business on a day-to-day basis. You are a passive investor. If Adam has not sent you financial statements or held a shareholders' meeting for three years, what could you do?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...

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