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Corporate Actions, Dividends & Governance

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Corporate Actions, Dividends & Governance

Board of Directors

The body elected by shareholders to direct a company's management and safeguard shareholder interests.

Test: directors are appointed by shareholders and owe fiduciary duties to the company under the Companies Act qualitative Corporate Actions, Dividends & Governance

Bonus Issue

The issue of additional free shares to existing shareholders, funded by capitalising reserves.

New Share Count = Old Count x (1 + Bonus Ratio); Adjusted Price = Old Price / (1 + Bonus Ratio) shares