Majority Rule and Minority Protection in Company Law
Author | : Ebere Gregory Akaniro |
Publisher | : |
Total Pages | : 270 |
Release | : 1997 |
Genre | : Corporation law |
ISBN | : |
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Author | : Ebere Gregory Akaniro |
Publisher | : |
Total Pages | : 270 |
Release | : 1997 |
Genre | : Corporation law |
ISBN | : |
Author | : Arvind Ashta |
Publisher | : |
Total Pages | : 30 |
Release | : 2018 |
Genre | : |
ISBN | : |
Minorities seeking majority legislations need to communicate the increased option set and limit the downside risk for the system. Social movements urging for change require institutional support including enabling legislation. Public policy support may require associating with similar movements or other stakeholders. Loss aversion, downside risk, crisis, and real options may be reasons for majorities to approve minority legislation.
Author | : Dirk Engelmann |
Publisher | : |
Total Pages | : 0 |
Release | : 2023 |
Genre | : |
ISBN | : |
Under simple majority voting an absolute majority of voters may choose policies that are harmful to minorities. It is the purpose of sub- and super-majority rules to protect legitimate minority interests. We study how voting rules are chosen under the veil of ignorance. In our experiment, individuals choose voting rules for given distributions of gains and losses that can arise from a policy, but before learning their own valuation of the policy. We find that subjects on average adjust the voting rule in line with the skewness of the distribution. As a result, a higher share of the achievable surplus can be extracted with the suggested rules than with exogenously given simple majority voting. While the rule choices are not significantly biased towards underor overprotection of the minority, towards majority voting or towards status-quo preserving rules, they only imperfectly reflect the distributions of benefits and costs.
Author | : Harlan Hahn |
Publisher | : John Wiley & Sons |
Total Pages | : 240 |
Release | : 1976 |
Genre | : Political Science |
ISBN | : |
Author | : Sarah A. Binder |
Publisher | : Cambridge University Press |
Total Pages | : 260 |
Release | : 1997-06-13 |
Genre | : Law |
ISBN | : 9780521587921 |
Minority Rights, Majority Rule seeks to explain a phenomenon evident to most observers of the US Congress. In the House of Representatives, majority parties rule and minorities are seldom able to influence national policy making. In the Senate, minorities quite often call the shots, empowered by the filibuster to frustrate the majority. Why did the two chambers develop such distinctive legislative styles? Conventional wisdom suggests that differences in the size and workload of the House and Senate led the two chambers to develop very different rules of procedure. Sarah Binder offers an alternative, partisan theory to explain the creation and suppression of minority rights, showing that contests between partisan coalitions have throughout congressional history altered the distribution of procedural rights. Most importantly, new majorities inherit procedural choices made in the past. This institutional dynamic has fuelled the power of partisan majorities in the House but stopped them in their tracks in the Senate.
Author | : Thato Charles Ramoseme |
Publisher | : LAP Lambert Academic Publishing |
Total Pages | : 76 |
Release | : 2012-03 |
Genre | : |
ISBN | : 9783848423088 |
The arguments in this book are based on the opinion that the South African Companies Act 71 of 2008, does not provide sufficient protection to the minority shareholders against the common law principle of majority rule. The analysis demonstrates that minority protection under the Act, faces a number of challenges that emanate from the application of this principle. It is argued that as a result of the insufficiency in the protection of minority shareholders against the majority rule principle, minority shareholders are exposed to fraud and abuse of powers by the majority shareholders. In an attempt to address this situation, an investigation is made into the English company law on the protection of minority shareholders against majority rule.
Author | : Kaare Strøm |
Publisher | : Cambridge University Press |
Total Pages | : 314 |
Release | : 1990-04-27 |
Genre | : Philosophy |
ISBN | : 9780521374316 |
Examines minority governments to show they are not exceptional or unstable.
Author | : Henry Steele Commager |
Publisher | : |
Total Pages | : 104 |
Release | : 1950 |
Genre | : Constitutional law |
ISBN | : |
Author | : Dirk Engelmann |
Publisher | : |
Total Pages | : 35 |
Release | : 2020 |
Genre | : Decision making |
ISBN | : |
Under simple majority voting an absolute majority of voters may choose policies that are harmful to minorities. It is the purpose of sub- and super-majority rules to protect legitimate minority interests. We study how voting rules are chosen under the veil of ignorance. In our experiment, individuals choose voting rules for given distributions of gains and losses that can arise from a policy, but before learning their own valuation of the policy. We find that subjects on average adjust the voting rule in line with the skewness of the distribution. As a result, a higher share of the achievable surplus can be extracted with the suggested rules than with exogenously given simple majority voting. The rule choices, however, imperfectly reflect the distributions of benefits and costs, in expectation leading to only 63% of the surplus being extracted. Both under-protection and over-protection of minorities contribute to the loss. Voting insincerely leads to a further surplus loss of 5-15%. We classify subjects according to their rule choices and show that most subjects' rule choices follow the incentives embedded in the distributions. For a few participants, however, this is not the case, which leads to a large part of the surplus loss.