A shareholder can only submit a resolution to be considered by other shareholders if he or she has 1 percent or more of the total shares of the company.

Question

Quizplus · Accepted Answer

This is true according to most corporate governance regulations around the world. The percentage requirement may vary slightly in different jurisdictions, but typically it is set at 1 percent or higher. This rule is designed to prevent small or minority shareholders from flooding the company with frivolous or disruptive proposals.

A Shareholder Can Only Submit a Resolution to Be Considered