28.1.1 The corporate governance framework should protect shareholders’ rights to participate and vote in general shareholder meetings.
28.1.2 The shareholders should be empowered to vote on matters that are within General Assembly authority, particularly the following:
A- Election and dismissal of the members of the board. B- Approval of the optimal capital structure of the company. C- Authorization of additional shares, especially with exemption of pre-emptive rights of current shareholders or share buy-backs D-Amendments to the statues or articles of incorporation and other similar governing documents of the company. E- Extraordinary transactions, including transfer of assets, sale of the company and mergers and acquisitions F- Equity compensation of the Directors and the management G- Long term incentive schemes for Directors H- Distribution of profits, in particular the dividend policy I- Any corporate changes that dilute the equity or erode interests of shareholders.
28.2 Protection of minority shareholders
Important Note:
This principle shall be addressed based on the results of principle 6 study.
