Voting Agreements Affecting the Board: The Ground of its Prohibition

26 Pages Posted: 12 Jan 2011

Date Written: October 2010

Abstract

Most of scholars uphold the invalidity of voting agreements affecting the board of directors. The ground and scope of the prohibition are far from being adequately clarified. This article provides an alternative explanation of such ban from a contractual perspective based on the privity of contract principle and the idea of externality.

Note: Downloadable document is in Spanish.

Keywords: shareholders agreements, voting agreements affecting the board of directors, privity of contract principle, externality

Suggested Citation

Paz-Ares, Candido, Voting Agreements Affecting the Board: The Ground of its Prohibition (October 2010). InDret, Vol. 4, 2010. Available at SSRN: https://ssrn.com/abstract=1738254

Candido Paz-Ares (Contact Author)

Universidad Autonoma de Madrid ( email )

Campus de Cantoblanco
Madrid, Madrid 28049
Spain

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