What records can shareholders inspect?

Shareholders have the right to inspect a variety of records pertaining to the company, but this right is not unlimited. The correct answer indicates that shareholders can inspect most of the records, but there are exceptions, such as directors' resolutions, which may not be accessible for inspection.

This is important because while shareholders do have rights to transparency and access to certain documents, the law also recognizes the need for confidentiality in some corporate matters. Director resolutions often pertain to internal decision-making processes that, if disclosed, could compromise the company's strategic position or operational integrity.

Since shareholders do have rights to inspect financial statements and meeting minutes, which provide insight into the company's performance and shareholder governance, the distinction made in the correct answer highlights the balance between shareholder rights and the company's need to protect sensitive information. This understanding is crucial for grasping the regulatory framework surrounding corporate governance and accountability.