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Shareholders

A person who owns one or more shares in a corporation is known as a shareholder. A person becomes a shareholder if shares are issued to that person in exchange for such consideration as the directors may determine. The shareholders are the "owners" of the corporation and normally the directors and the managers. Therefore, one of the most important rights of those shareholders who own voting shares is the right to elect directors and to remove directors from office. The powers of the shareholders are exercised at meetings of the shareholders or by written resolutions signed by all the shareholders.

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