Holder of ordinary shares do not have the right to
Answer Details
Holder of ordinary shares do not have the right to receive dividends at a predetermined rate. Ordinary shares, also known as common shares, represent ownership in a company and generally carry voting rights and the right to receive dividends when declared by the company's board of directors. However, the rate of dividends is not predetermined and can vary based on the company's financial performance and other factors. Ordinary shareholders also have the right to participate in additional issues of shares, vote at annual general meetings, and elect the board of directors.