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    Question

    A holder of an ADR/GDR does not have right to?

    i. Vote ii. Receive dividend iii. Receive corporate action notification
    A Only i Correct Answer Incorrect Answer
    B Only i & ii Correct Answer Incorrect Answer
    C Only ii & iii Correct Answer Incorrect Answer
    D Only iii Correct Answer Incorrect Answer
    E All of the above are correct Correct Answer Incorrect Answer

    Solution

    ADR holders are not direct shareholders of the Issuer, and therefore they do not have the right to vote the shares underlying their ADRs.

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