Answers are grounded in this paper and cite their sources.
THE law which governs decision-making by the shareholders (or, strictly speaking, members) of a company is an area in which there is a great emphasis on regulation. This emphasis has tended to obscure the basic principles of law around which that regulation has developed. It has also distracted attention away from an appreciation of how those principles are applied and developed in practice.
No takes yet. Share an insight, caveat, or question.
Richard Nolan (2006) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: