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 independent share registrar.
C) an independent internal audit department.
D) an imprest dividend account.

Question

Quizplus · Accepted Answer

Publicly listed companies engage independent share registrars to ensure that share certificates are properly and correctly issued, preventing any potential fraud or errors. The share registrar maintains a record of all shareholders, records changes in ownership of shares, and verifies the validity of share transfers. This independent oversight helps to maintain the integrity of the share issuance process.

To Prevent the Improper or Incorrect Issue of Share Certificates