Minority Shareholders' Protection in Corporate Governance: The Rule in Foss v. Harbottle
21 Pages Posted: 22 Feb 2014
Date Written: January 10, 2014
‘Minority shareholders’ is the weakest strata of a company and the rule laid down in Foss v. Harbottle acts as a bar to the actions initiated by them. Subsequent evolution of the rule has shown that the rule has been used to restrict the minority opinion. However, any differences amongst the people tied by a long-term contract should be settled amicably without creating any hindrance to prosperity and progress.
Keywords: Minority shareholders, shareholders' protection
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