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Which one of the following rights is never directly granted to all shareholders of a publicly held corporation? Electing the board of directors Receiving a distribution of company profits Voting either for or against a proposed merger or acquisition Determining the amount of the dividend to be paid per share Having first chance to purchase any new equity shares that may be offered

Respuesta :

jepessoa

Answer:

Determining the amount of the dividend to be paid per share

Explanation:

Dividends are distributed to shareholders, and the board of directors decides their amount. Since the board of directors is elected by the shareholders, they can indirectly influence the amount of dividends paid. Most of the times, upper management (CEO, CFO and COO) participate in board meetings and sometimes they even have a right to vote on them, but even if they don't, the board usually follows their recommendations on the amount of dividends paid.

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