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Corporate Governance

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Title: Corporate Governance

Essay Details:

Subject: Business

Author: Johnnie C

Date: November 21, 2012

Level: University

Grade: B

Length: 6 / 1782

Essay text:

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. 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...

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