Board of directors Essay Samples and Topic Ideas

board of directors elected by the shareholders. However, this is the last claim on company revenue and assets. Apart from enjoying fixed dividends, the preferred stock owner’s dividends must be paid before the common shareholders receive their share. Further, they receive their share of the money left before the common stock owners in cases of liquidation or bankruptcy (Carrel, 2016). The preferred stock has some disadvantages in that there is a less share price since it is based on the yield offered. There are also no voting rights for the board members. According to the December 1st, 2016 public offering, Rexnord Corporation offered a total of 7 million shares each priced at $50. This represents...