Where the shareholders’ authority ends and the board’s begins
· Egyptian market news · MISR
On paper, shareholders sit at the top of the corporate hierarchy, wielding their authority through the general assembly. Egyptian Resorts Company (ERC) Juhayna negotiated buyout
The architecture of power
The Companies Law (pdf) grants shareholders — collectively, through the general assembly — exclusive authority over some of the business’s most consequential decisions…
Source: Enterprise — read the original story