ABSTRACT

A shareholders' meeting can be generally called by either the board of directors, by one or more minority shareholders whose accumulated shares equate to at least 10 percent of ownership of the company, by the board of commissioners. Since a shareholders' meeting is intertwined with many stakeholders' interests, a defect in procedures of the meeting or in the substance of the resolution needs to be treated strictly. A company must update the general list of shareholders for its investors to exercise rights as shareholders. Minority shareholder rights require a certain minimum shareholding rate, while single-stock owner rights are protected even if they own only one share. In principle, shareholders are not responsible for corporate governance or company actions beyond their investments in the company. A drag-along right is a majority shareholder's right to force a minority shareholder to join in the sale of his shares to a third-party purchaser.