If someone wants to change the purpose of a corporation from selling computers to renting office space, what protection does a shareholder with no voting rights have if they feel that this will be harmful to the profits of the corporation? What rights does a shareholder who votes against the change have if they feel that it will be harmful to the profits of the company?

Answer rating: 100% (QA)

If a shareholder has no voting rights their direct influence on corporate decisions is limited However they still have some protections and potential courses of action 1 Fiduciary Duty Corporate direc... View the full answer