Which of the following is not a basic right of common shares? A)right to share in profits and losses B)right to participate in the management of the company C)right to vote in the selection of the board of directors for the corporation D)right to share in the assets upon liquidation

Question

Quizplus · Accepted Answer

The right to participate in the management of the company is not a basic right of common shares. This right is typically reserved for preferred shareholders or members of the board of directors. Common shareholders do have the right to vote in the selection of the board of directors, but they do not have direct participation in management decisions.

Which of the Following Is not a Basic Right of Common