What are the rights of shareholders?

Shareholders are individuals or groups who have bought a company’s stocks and become owners of that company. As shareholders, they have certain rights and responsibilities both in Oklahoma and on a federal level. Under Oklahoma business law, shareholders have the right to vote on matters related to the company’s operations. This includes electing the board of directors, approving major decisions, and potentially selling the business. Shareholders also have the right to receive information about the business’s performance and financial standing. This information is typically released in quarterly or annual investor reports. In the case of a company’s liquidation, shareholders are typically entitled to receive a portion of the company’s proceeds after debts are settled. Shareholders also have the right to receive dividends from the company if it is profitable. This means that shareholders get a portion of the company’s profits, which can come in the form of money or additional stocks. Shareholders also have responsibilities, such as monitoring the company’s performance and keeping up with any changes in business law or regulations. They are also responsible for complying with insider trading laws, which requires them to report any stock trades. Finally, shareholders have the responsibility to ensure that the company’s business is conducted in accordance with proper ethical and legal standards.

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