Israeli law grants to the
shareholders of a
company the following basic
rights:
- Right
to information: This
right includes access to the company's documents (minutes of the
shareholders' meetings,
articles of association, annual reports, shareholders' register..) and
right to
demand information (wages of managers). This right withdraws when it
comes to
protecting commercial secrets and property rights.
- Voting
right: The
shareholders' voting rights are established by law. Articles of
association may
create shares with different voting rights (except publicly-traded
company).
Voting agreements between shareholders are allowed.
- Right
to dividend: Besides
this basic right, the articles of association may create shares which
special
rights (cumulative share..).
- Assignment
rights: The
shareholders may stipulate rules regarding assignment of shares
(preemptive
rights, tag along..). These rights may also be set forth into
agreements
between the shareholders themselves.
- Right
to interfere in the
management of the company (for instance, right to initiate proceeding
in case
of misuse of power by majority shareholders, including class action..).
- Rights
to share of company
assets or their value in case of
winding-up of the company.
Previous
Copyright
Naftali Rubin
-
2005-2007
