Overview
I'm working on a business law discussion question and need an explanation and answer to help me learn.
PurposeTo assess your ability to:Explain the role of corporate governance.Discuss the role and rights of shareholders in a publicly traded corporation.Explain different ways of allocating power within a corporation (Berle and Means thesis).Identify comparable legal theories and concepts under Saudi Companies Law.Discuss the interrelationship between members (shareholders), directors, creditors, the public and the Company and the role, powers and duties of such persons.Action ItemsWrite an analysis of the roles/rights and responsibilities of Shareholders, Directors, and Officers in the governance of a Corporation. In your analysis discuss the various ways shareholders control major decisions of a corporation, influence the decisions, or take actions to result in change management in policy of a corporation.