The ordinary shareholders enjoy the following rights except the right to?
Answer Details
The ordinary shareholders of a company have various rights, including the right to vote at annual general meetings, elect the board of directors, and participate in additional issues of shares. One of the most important rights is to receive dividends at a predetermined rate. However, the right that they do not enjoy is the right to determine their own level of dividends or to force the company to pay dividends if it does not want to. This is the prerogative of the board of directors, who may decide to retain earnings for future growth or other purposes. Therefore, the answer is: determine their own level of dividends or to force the company to pay dividends if it does not want to.