Our company is a cooperative company. It is governed by corporate laws(civil) as well as government (Cooperative ordinance) laws. Usually the special protection under government laws supercede general legal practices. For e.g. resolving disputes with members(shareholders) is within the special cooperative ordinance. This seems to protect the members' interest more than the corporation. Is this common in the world, especially in the west?
From Malaysia , Petaling Jaya
Yes. The special resolutions are meant for the purpose and not biased at the same time. The special resolutions are passed only when they are really in need off and the when it is not covered under the general laws, hence it has to supersede the general laws, otherwise no point of its presence at all.......It is to fulfill the necessity or needs caused due to certain lacunae in the general laws.....
And yes, Shareholders has o be protected and company is well protected and guided under corporate laws.
And yes, it is the practice, special resolutions or special protection or special ordinances, is the practice all over the world.... public interest if the foremost major concern of any laws........

From India , Bangalore

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.

Please Login To Add Reply →






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2021 Cite.Co™

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server