Shareholders' Participation in the Affairs of Public Companies: An Insight

The aim of this study was to have an insight into theparticipation of shareholders in the affairs of publiccompanies. The information gathered in relation tothis study revealed that the only way shareholders canactively participate in the affairs of public companies wasby attending the Annual General Meeting (AGM) andexercise the powers reserved for them. However, as a matterof law, there is no enforceable obligation on the shareholdersto attend the AGM of their companies for that matter, orindeed, actively participate in the affairs of the company,but such shareholders remain bound by any decision themeeting may take, their nonparticipation notwithstanding.Conclusively, the study submitted that active participationof shareholders in the AGM is capable of saving theircompanies from possible lapses that may be as a resultof mismanagement. Therefore shareholders should attendmeetings of their companies, mostly the AGM.