- 20 Marks
MCBFI – APR 2023 – L4 – Q1 – Rights of Ordinary Shareholders and Businesses at AGM
Discuss the specific rights of ordinary shareholders and the typical businesses handled at the Annual General Meeting for listed multinational banks in Ghana facing earnings challenges.
Question
In the midst of the financial and economic crises in Ghana, the finance and banking sub-sector is having challenges with their earnings/income. The Shareholders of Republic Bank PLC, SG Bank PLC, and Standard Chartered Bank PLC, all listed companies on the Ghanaian Bourse are upbeat in respect of their earnings on the corporate financial performance. These Multinational Corporations are likely not to meet the expectations of their shareholders, both local and foreign. In your opinion,
(a) What specific rights do the Ordinary Shareholders have? (15 marks)
(b) What businesses are likely to be dealt with at the Annual General Meeting of these companies? (15 marks)
(Total: 30 marks)
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