Who among the following has no voting right?

Assessment: WAEC SSCE - Commerce - 2009 (Objective) Subject: Commerce

Question 1 Report

Who among the following has no voting right?
Answer Details
Debenture holders have no voting right. Debentures are a form of long-term borrowing where the issuer (the company) agrees to pay a fixed rate of interest to the debenture holder for a specified period of time. Unlike shareholders, who have an ownership stake in the company and therefore have voting rights, debenture holders are creditors of the company and do not have any ownership or voting rights.
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