Can shareholders of the company dismiss the steward or the executive management?

Shareholders possess significant authority within a company, primarily through their voting rights in matters including the appointment and dismissal of directors and certain executive officers. This power enables them to influence the governance and management of the company.

In many corporate structures, shareholders elect the board of directors, who are responsible for overseeing the management team. If the shareholders are dissatisfied with the performance of the executive management or the stewardship of the company as a whole, they can call for a vote to remove members of the board or the executives themselves. This can occur during annual general meetings or special meetings convened for this purpose.

The mechanism allows shareholders, who are essentially the owners of the company, to hold the management accountable for their decisions and the overall performance of the organization. Companies often have provisions in their governing documents that outline the specific processes and circumstances under which shareholders can dismiss executives or directors.

Thus, shareholders do indeed have the power to dismiss the steward or executive management, validating the assertion that the answer is true.