Legal Question in Business Law in Florida
100% employee owned company
In a 100% employee owned company, shouldn't employees (shareholders) be able to vote on matters important to the company, including who is on the board of directors.
Asked on 4/30/09, 4:16 pm
1 Answer from Attorneys
Alan Wagner
Wagner, McLaughlin & Whittemore P.A.
Re: 100% employee owned company
The shareholdes each year meet to elect the board of directotrs. The board typically appoints the officers, who make day to day decisions about the company,
Answered on 5/03/09, 7:03 pm
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