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Essay

Corporate Governance

Essay specific features

 

Issue:

Business

 

Written by:

Tommy G

 

Date added:

August 15, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1782

 

Was viewed:

8348 times

 

Rating of current essay:

 
Essay content:

Changes in the articles of the company require a special resolution, which means a voting majority of 75%. As the holding company became the majority shareholder after the take over, such action is then very unlikely to succed through such procedure. Since there are several original shareholders -which constitute the minority that wants to take action- a suitable legal procedure to be taken in first instance is class action or representative action...
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Such legal resource works as a collective action where the personal rights of a large group, -the several shareholders- are represented by few or a single person. Thus, with the consent of the court, such minority representant(s) could promote a derivative action by suing Mr. Ronald on behalf of the company...
displayed 300 characters

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