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Your assignment is to prepare and submit a paper on united kingdom: law of business organisation.
Your assignment is to prepare and submit a paper on united kingdom: law of business organisation. This paper seeks to support the former trend since one share one-vote system hinders good corporate governance. During general shareholder meetings, the shareholders make decisions essential matters on ownerships inclusive of the board of director’s approval, as well as merger approval. These decisions, in principle, are made through a majority of the votes as exercised by the shareholders. Thus, the decisions that are made at meetings of general shareholders are affected significantly, by allocation of voting rights among the shareholders. Company law in the United Kingdom stipulates that shareholders will be entitled to a single vote for every share that they hold at a meeting of shareholders. This can be doctrinally interpreted as a provision for the principle of one share one vote, which is the basic rule that governs voting rights allocation among shareholders. Essentially, the principle of one share one vote comprises of three major elements. One, all who are shareholders through acquisitions of company shares are entitled to exercise their voting rights in the general shareholders’ meeting of the company. The voting rights of a shareholder that he/she is entitled to are proportional to the shares that the shareholder has in the company. The third principle is a value judgment, which underlies the other two. The voting rights exercised by shareholders are proportional to the risks associated with the company as assumed by the shareholders.
