Common shareholders have the right to all of the following rights except?
A)Sell their shares.
B)Share in any dividends distributed to common shareholders.
C)Have the first opportunity to purchase any additional shares of common share issued by the corporation.
D)Make day-to-day decisions on behalf of the corporation.

Question

Quizplus · Accepted Answer

Common shareholders do not have the right to make day-to-day decisions on behalf of the corporation. This responsibility falls to the Board of Directors and management team. A, B, and C are rights commonly held by common shareholders.

Common Shareholders Have the Right to All of the Following