Even if you only own one share you're entitled to participate in the meeting, ask questions, be a general pain in the ass, and so forth. My old boss, the CEO (and majority shareholder) of the company that ran the Compucenter and MicroAge chains of electronics and computer stored in Canada, used this to his advantage; he'd have his employees buy at least one share if they didn't own any stock already, then have them perform scripted roles at each shareholder's meeting. The really juicy parts went to his relatives... I usually just got to second motions. If all went well we'd move things along briskly enough to forestall any real dissent or awkward questions from real shareholders, and it usually worked.
no subject
Date: 2007-11-06 03:52 am (UTC)