Employment Equity Act, 1998
R 385
Competition Act, 1998 (Act No. 89 of 1998)NoticesGuidelines on Minority Shareholder ProtectionsAnnexuresAnnexure B - Minority Shareholder Protections which are likely to confer control |
ANNEXURE B - MINORITY SHAREHOLDER PROTECTIONS WHICH ARE LIKELY TO CONFER CONTROL
| 1. | The right to approve and/or veto or decline the strategy or the business plan. |
| 2. | The right to approve and/or veto or decline the appointment of the Chief Executive Officer or Chief Financial Officer of the firm, or the amendment of any material term of such person's appointment. |
| 3. | The right to approve and/or veto or decline the dismissal of an executive of the firm. |
| 4. | The right to approve and/or veto or decline the budget. |
| 5. | The right to approve and/or veto or decline the firm from competing with the minority shareholder. |