Which of the following is NOT a right of members in a company?

Prepare for the ACA Business Law Exam. Test your skills with our engaging questions, complete with hints and explanations. Master your subject and achieve exam success!

Members of a company typically have a number of rights that are designed to protect their interests and enable them to participate in the governance of the company. The right to receive annual accounts and reports allows members to stay informed about the company’s financial health, fostering transparency and accountability. Voting on company matters is a fundamental right of members, enabling them to influence key decisions and strategic directions of the company through democratic processes. The ability to require directors to call a general meeting empowers members to discuss critical issues and hold the board accountable.

In contrast, the right to dictate daily operations of the company is not a privilege that members possess. Daily operations are generally managed by the company's directors and employees, who are tasked with executing the company’s business strategies and managing everyday functions. Members can influence high-level decisions and policies but do not have the authority to control day-to-day operations directly. This separation of powers is important to maintain efficient management and operational effectiveness within the company.

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