JAMB - Commerce (2025 - No. 35)
In which of the following organizations are members entitled to one vote, irrespective of the number of shares held?
Partnership
Co-operative society
Limited company
Public corporation
Explanation
In a co-operative society, members are entitled to one vote, irrespective of the number of shares held. This is based on the
principle of 'one member, one vote' which is fundamental to the operation of co-operatives. In contrast, in public corporations,
partnerships, and limited companies, voting rights are usually determined by the number of shares a person holds.
principle of 'one member, one vote' which is fundamental to the operation of co-operatives. In contrast, in public corporations,
partnerships, and limited companies, voting rights are usually determined by the number of shares a person holds.
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