Who among the following has no voting right?
COMMERCE
WAEC 2009
Who among the following has no voting right?
- A. Preffered ordinary share holders
- B. Ordinary shareholders
- C. Deffered shareholders
- D. Debenture holders
Correct Answer: D. Debenture holders
Explanation
A debenture holder is someone or a company that has lent money to another person or company for the purpose of funding a business. A debenture holder is paid interest in return for lending the company money to meet up their financial obligations. They do not have ownership rights in the affairs of the company hence cannot partake in the decision making process.
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