Majority law in shareholders' associations

الملخص EN

If the correct management of the joint stock company is available, and it is a factor in supporting the national economy, otherwise it becomes a threat to it, the primary goal that must be achieved in corporate management is to protect the collective interest as much as possible towards the abuse of the majority - whose powers are concentrated in their hands within the highest pyramid of the company's organs.

Shareholders Association.

Therefore, the majority authority must govern the necessary and codified controls to protect the rights of shareholders, protect the company, and the public interest, including the national economy, among the most prominent of these are: defining the concept of arbitrariness of the majority, defining criteria for assessing the arbitrariness of the majority in shareholders ’societies, deciding the right to nullify arbitrary majority decisions.

The shareholders'associations, which perform their decision-making functions, should avoid the risk of falling into one of the prohibited.

For the first exception, the minority shareholders should not be left with the opportunity to paralyze the company by disrupting decisions .In the assembly according to the majority of the votes except in very few cases where unanimity is required.

As for the second prohibition, the majority may not crush the minority and should not take its authority to serve selfish and personal interests that are contrary to the collective interest.

The majority does not have unlimited powers over the rest of the partners and the company itself.

Equity, corporate protection, and public interest.

Thus, the deliberations of the shareholders' associations are the result of the majority of the votes represented at the meeting, which hold the majority of the capital.

This rule is called the "majority law".So What are the provisions of this law?Which is the problem that we answer with the method of analytical research in three chapters, the basis of the principle of majority(chapter 1), the concept of arbitrariness of the majority (chapter 2), sanctions of arbitrary majority decisions (chapter 3).