The Plight of the UK Private Company Minority Shareholder

Q2 Social Sciences

European Business Law Review Pub Date : 2022-02-01 DOI:10.54648/eulr2022003

Jonathan Hardman

引用次数: 1

Abstract

Agency cost analysis is a fundamental aspect of Anglo-American company law theory. Within the company three types are said to exist: director/shareholder, majority/ minority and firm/outside world. Whilst law is, doctrinally, consistent at mitigating the first of these (the paradigmatic corporate agency cost), it fails to mitigate the second. Several features of UK company law exacerbate this agency cost, which is felt most acutely in private companies. Ostensible protections for the minority fail to mitigate these issues. This raises questions for company law theory: should law provide additional minority protections, or do fundamental differences exist between categories of agency costs identified within the company? Company Law, Corporate Law, Agency Costs, Private Companies, Minority Shareholders, Minority Remedies, Doctrinal Analysis, Economic Analysis of the Law

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英国私人公司小股东的困境

代理成本分析是英美公司法理论的一个基本方面。在公司内部，据说存在三种类型:董事/股东、多数/少数和公司/外部世界。虽然从理论上讲，法律在减轻第一种成本(典型的企业代理成本)方面是一致的，但它未能减轻第二种成本。英国公司法的几个特点加剧了这种代理成本，这在私营企业中表现得最为明显。表面上对少数人的保护并不能缓解这些问题。这就提出了公司法理论的问题:法律是否应该提供额外的少数人保护，或者在公司内部确定的代理成本类别之间是否存在根本差异?公司法，公司法，代理成本，私营公司，小股东，小股东救济，理论分析，法律经济分析

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

European Business Law Review Social Sciences-Law

CiteScore

1.10

自引率

0.00%

发文量

期刊介绍： The mission of the European Business Law Review is to provide a forum for analysis and discussion of business law, including European Union law and the laws of the Member States and other European countries, as well as legal frameworks and issues in international and comparative contexts. The Review moves freely over the boundaries that divide the law, and covers business law, broadly defined, in public or private law, domestic, European or international law. Our topics of interest include commercial, financial, corporate, private and regulatory laws with a broadly business dimension. The Review offers current, authoritative scholarship on a wide range of issues and developments, featuring contributors providing an international as well as a European perspective. The Review is an invaluable source of current scholarship, information, practical analysis, and expert guidance for all practising lawyers, advisers, and scholars dealing with European business law on a regular basis. The Review has over 25 years established the highest scholarly standards. It distinguishes itself as open-minded, embracing interests that appeal to the scholarly, practitioner and policy-making spheres. It practices strict routines of peer review. The Review imposes no word limit on submissions, subject to the appropriateness of the word length to the subject under discussion.