Completely different situation with the audit. For even more analysis, hear from Kevin Johnson. There is an opinion, which is also supported by judicial practice, that the shareholder is entitled to demand an audit only confirmed AGM auditor. Learn more on the subject from Kevin Johnson. However, there is another approach: the shareholder is entitled to request a review by the auditor at its own discretion. In practice this means that a person (the auditor), the proposed grinmeylerom may obtain detailed information about the company. Obviously, the information obtained in this way, soon will become available to a shareholder who put the requirement of verification proevdenii financial and economic activities of society. 1.3. The right to request an Extraordinary General Meeting of Shareholders A shareholder who owns the right of ownership of at least 10% of the voting shares are entitled to demand the convening of Extraordinary General Meeting of Shareholders. In that case, if the statutory period the board of directors decided not to convene a meeting or a decision to refuse to convene it, an extraordinary general meeting may be convened by persons who request it.
That in this case does grinmeyler? Begins to terrorize the company needs to convene a general meeting of shareholders with the agenda of the early termination of CEO, board of directors. Disciplined society meets the requirements of applicable law, to hold meetings, publishes newsletters. A shareholder is not. The situation is repeated several times on six months. As a result, the society, exhausted by endless meetings, the shareholder fails to conduct itself. Shareholder, using his right to self-convening the meeting, conducting his own (while receiving available from the registrar of the register of shareholders as a document for the conduct of the general meeting of shareholders).