Bringing controlling shareholders to court : standard-based strategies and controlling shareholder opportunism / Chunyan Fan, Tsinghua University School of Law
Shareholder dynamics and agency problem -- Fiduciary duty: the standard-based strategy -- The United States -- The United Kingdom -- China
Summary
Controlling shareholders have largely unbalanced power in the governance structure of corporations, which leaves the minority shareholders vulnerable to being exploited. One way to deal with the problem is to allow minority shareholders to sue a controlling shareholder when they think they have been treated unfairly by the said controlling shareholder, and the challenged conduct will be reviewed by court under certain standard pre-set by law. Legal practitioners and economists consider this kind of solution a standard-based strategy. This book discusses how to use these standard-based strategi
