Except in the case of a USA where the board is stripped of all of its powers, a shareholder`s influence over the day-to-day issues of a company will generally be manifested through the appointment of nominees to the board of directors. Certain shareholders may be given the right to appoint nominees to the board. If nominees are to be appointed, consider:
Directors who are nominees of a particular shareholder are still subject to fiduciary duties to act in the best interest of the company in the first instance, and not the shareholder who nominated them.
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