Social Sciences
3 years ago

Minority shareholders left vulnerable as companies evade annual meetings.

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International Journal of Human Computing Studies
Legal Protection Against Minority Shareholders for the Implementation of a General Meeting of Shareholders (Gms) That Expused TIME
Yatny Nur Afrianty, Wira Franciska

Paper Summary

The article discusses how companies must hold annual General Meetings of Shareholders (GMS) within 6 months after the financial year ends. Failure to do so can lead to legal issues and harm minority shareholders. The study used legal literature to analyze the protection for minority shareholders in case of delayed GMS. The findings show that current laws provide little protection for minority shareholders in such situations, as there are no specific sanctions for companies. However, minority shareholders can take legal action by filing a lawsuit or requesting a court order to ensure a GMS is held.

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