These are some of the questions that arise in this context. The answers reflect the position under basic company law but see the points to note below.
Question: Can shareholders insist on attending board meetings?
Answer: No. The only people who can of right attend board meetings are the directors.
Question: Do directors have to give notices of board meetings or copies of board agendas to shareholders?
Answer: No, directors can generally manage their proceedings as they see fit without reference to shareholders.
Question: Can shareholders insist on seeing board minutes?
Answer: No. The board of directors does not need to allow that level of scrutiny.
Question: Can shareholders insist on seeing management accounts, bank statements or other detailed financial information?
Answer: No. Their rights to see financial information are limited to the company’s annual filed accounts.
Question: Can shareholders insist that directors take or refrain from taking any decision about the management of the company?
Answer: No, unless they are entitled to do so by virtue of any mechanism in a shareholders agreement or the company’s constitutional documents.