Which right is NOT typically associated with shareholders?

Shareholders hold several important rights within a corporation, and each of these rights reflects their ownership stake. The right to vote is fundamental, as it allows shareholders to participate in the decision-making processes, including electing the board of directors and influencing major company policies. The right to receive dividends represents a shareholder's entitlement to a portion of the company’s profits, which is distributed based on the number of shares owned.

The preemptive right further protects shareholders by giving them the opportunity to purchase additional shares before the corporation offers them to others, ensuring that their ownership percentage can be maintained even as new shares are issued.

However, the right to set corporate policy is not typically held by shareholders. This aspect falls under the jurisdiction of the elected board of directors and management, who are responsible for the strategic direction and operational decisions of the corporation. While shareholders can influence corporate policy through their voting power and can express their opinions at shareholder meetings, they do not have the direct authority to set policies themselves. This distinction is fundamental in understanding the governance structure of corporations, where day-to-day decision-making is delegated to management rather than made directly by the shareholders.