The Role of the Judiciary in Ensuring Justice
The University Of Auckland
UK law particularly reserves shareholders proper and responsibility to approve “substantial non money asset transactions” (s.190 CA 2006), which suggests these over 10% of company value, with a minimum of £5,000 and a most of £100,000. Similar rules, though much much less stringent, exist in §271 DGCL and through case law in Germany underneath the so-called Holzmüller-Doktrin. Recent literature, especially from the United States, has begun to discuss corporate governance in the terms of administration science. While post-war discourse centred on the method to obtain efficient “company democracy” for shareholders or other stakeholders, many students have…