To prevent the improper or incorrect issue of share certificates, it is common practice for publicly listed companies to engage:
A) a share register.
B) an imprest dividend account.
C) an independent share registrar.
D) an independent internal audit department.

Question

Quizplus · Accepted Answer

Engaging an independent share registrar is the best choice as they are responsible for maintaining accurate records of shareholders and issuing share certificates in accordance with the company's policies and procedures. They also ensure that any transfers of ownership are properly recorded and approved. This helps prevent the improper or incorrect issue of share certificates. The other options listed may be useful in preventing other forms of fraud or errors, but they are not specifically focused on preventing the improper or incorrect issue of share certificates.

To Prevent the Improper or Incorrect Issue of Share Certificates