No 1. Who actually elects a Company’s BoD? I know it’s shareholders, but I also know that most of hareholders cannot oversee company’s day to day operations and own nothing other than its profits. So how the process goes? If I own shares of a Company, how can I vote ?
No 2. If I have enough money to buy 75℅ of total shares of a Company, how to approach a company regarding the same? Assume that the company is willing to sell.
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No. 1: The Board of Directors (BoD) is typically elected by the shareholders of a company. Shareholders vote in board elections based on their ownership of shares, and the process is usually carried out during the company’s annual general meeting (AGM) or a special meeting. Shareholders often receive proxy voting forms to vote for board members if they cannot attend the meeting in person. The more shares you own, the more voting power you have.
No. 2: If you want to buy a significant portion of a company’s shares (like 75%), you can approach the company directly, express your interest, and negotiate with the current shareholders or the board if they are willing to sell. It’s important to engage in negotiations, conduct due diligence on the company’s financial health and valuation, and potentially hire a lawyer or financial advisor to guide you through the process of acquiring the shares. The specifics will depend on the company’s willingness to sell and the terms you negotiate.
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