In which of the following are members entitled to one vote, irrespective of the number of shares held?
Answer Details
In a cooperative society, members are entitled to one vote, regardless of the number of shares they hold.
A cooperative society is an organization that is owned and controlled by its members, who typically share a common interest or goal. Members of a cooperative society pool their resources together to achieve common goals, such as obtaining goods and services at lower costs, or selling their products at a better price. As a result, members of a cooperative society have equal ownership and control over the organization, and are entitled to equal voting rights.
In contrast, in a public corporation or a limited company, voting rights are typically proportional to the number of shares held. This means that the more shares an individual owns, the more voting power they have. In a partnership, the partners may have different levels of control and decision-making power, depending on the terms of their agreement.
Therefore, if you are looking for an organization where all members have equal voting rights, regardless of the number of shares they hold, a cooperative society may be the best option.