n Without Prejudice - Majority rule and minority protections : company law
|Article Title||Majority rule and minority protections : company law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Oct 2010|
|Pages||12 - 13|
Majority rule is one of the founding principles of South African company law. It means that the majority of the votes decides the company's affairs and, therefore, obliges the minority to abide by their decisions. Consequently courts will refuse to interfere with the majority's decision as long as these decisions are within the ambit of the law.
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