Sentences with phrase «certain shareholder protections»

New York state's highest court adopted Delaware's defendant - friendly standard for shareholder suits challenging controlling - party buyout deals, saying in actions targeting go - private mergers, courts should apply the business judgement rule as long as certain shareholder protections are met.

Not exact matches

There is also an increased need for legal services in connection with the protection of shareholder interest in proper compensation for damages causally related to the false or misleading statements of a company on a certain subject.

While the corporate oppression remedy is a broad remedy that can provide relief to a wide range of shareholders and certain other stakeholders harmed when a corporation is run contrary to their reasonable expectations, it will not provide relief to arm's length contracting parties who later find that their contract does not give them the protection they want.

Furthermore, in addition to the governance measures applicable to shareholding companies to enhance the protection of the interests of the shareholders, CCL provides provisions to apply certain corporate governance in all types of companies; this requires significant changes in the duties and liabilities of the managers and partners, such as: the provision to avoid any conflict of interests for the managers; the liability of the company for the actions of its employees; each company shall have an authorised auditor; each company must have annual accounts with commitment to prepare annual financial accounts, including the balance sheet and profits and loss accounts, applying international accounting principles and standards.