Introduction
Many shareholders still perceive their role as largely passive, confined to just owning shares, having their name entered in the register of members, receiving dividends, reviewing annual reports, and occasionally attending and voting at general meetings. This narrow understanding reduces shareholding to a mere financial entitlement rather than recognizing it as a governance function.
Although this perception reflects common practice, it is fundamentally flawed. Share ownership is not merely a right to profit or corporate surplus. Under the Companies and Allied Matters Act 2020 (CAMA), shareholders possess statutory and strategic powers capable of shaping corporate direction, holding directors accountable, influencing major transactions, and safeguarding long-term value of the company.
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