What rights do shareholders have regarding corporate documents?

Shareholders hold significant rights when it comes to the governance of a corporation, and one of their key rights is the ability to inspect corporate books, records, and financial statements. This right is foundational as it ensures transparency and allows shareholders to make informed decisions about their investments and the management of the company.

By having access to corporate documents, shareholders can evaluate the financial health of the corporation, assess the performance of its executives, and understand the strategic direction being taken. This access empowers shareholders to hold the management accountable, facilitating informed voting on critical issues that affect the corporation's future.

Other choices, while relevant to corporate governance, may not be universally conferred upon all shareholders. Voting on corporate policy and approving directors' salaries can vary based on the type of share ownership or specific company bylaws. The selection of auditors typically falls under the purview of the board of directors, which shareholders do not directly control, although they may express preferences at annual meetings. Thus, the right to inspect corporate documents is a distinct and vital right that stands out as essential for shareholders' involvement in corporate oversight.