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The Complete Idiot's Guide to Socially Responsible Investing by Ken Little

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Chapter 11
Your Shareholder Rights
In This Chapter
♦ Your rights as a shareholder
♦ Socially responsible investors and shareholder rights
♦ How shareholder advocacy works
♦ Annual meetings and proxy voting
Corporations are unique legal entities. This is a fairly modern concept, but it is important to the discussion of shareholder rights and responsibilities. In broad terms, corporations are recognized as having legal rights and obligations the same as people have. This is why a corporation (not the owners or managers) can be sued and can sue in court to satisfy legal claims. When large corporations commit to repayment of a loan or other obligation, the individual owners are generally not obligated. (It’s different for very small corporations, since ...

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