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i. Right to obtain copies of Financial Statements ii. Right to attend meetings i. Right to vote iv. Right to be voted for v. Right to participate in decision making and policy formulation vi. Right to dividends.
Mostly its true
Except v. Right to participate in decision making and policy formulation.
Shareholders don't participate in decision making, the approve the proposed Decisions of the Board.
Legally, corporate governance is a mechanism built on a set of rules designed to reduce risks related to the performance of a company. One of the basic rule is to separate shareholders from representatives directors. Under the light of this rule, shareholders have no right to take decisions.
In fact, because shareholders elect the Board of Directors they have enough strings attached to directors to control or influence their decisions.
