What type of shares may be deprived of voting rights under the Revised Corporation Code?

Under the Revised Corporation Code, redeemable or preferred shares may be deprived of voting rights. This provision allows corporations to structure their capital in a way that reflects their strategic financial needs while maintaining operational control.

Preferred shares, in particular, are often issued with special rights or privileges, which may include a preference in dividends or upon liquidation but do not necessarily grant voting rights. This is a common practice in corporate governance, enabling companies to attract investment without diluting control among shareholders who are entitled to vote.

This distinction serves as a tool for companies to balance the interests of different classes of shareholders, particularly those who have invested in preference shares. By depriving voting rights for these shares, corporations can ensure that control remains primarily with common shareholders who are directly involved in the firm's governance and policy decisions.

In contrast, the other response options reflect misunderstandings of the specific privileges or restrictions that can apply to different types of shares under the Revised Corporation Code. Common shares typically carry voting rights, and the provisions regarding all shares and no shares would not align with the flexibility and specificity of the Code's regulations.