However, the decision which was undertaken by the court ultimately created vital obstacles for the majority shareholders in imposing their dominant influence over the organizational policies and specifications, developing a stronger position for the minority shareholders ( ). A Brief Overview of the Remedies Several remedies can be identified, which are readily accessible to the minority shareholders, for the purpose of dealing with situations where the majority shareholders are observed or suspected to misuse their absolute power or rather breach their duties by a certain extent. It is in this context that the enforcement of numerous statutory rights which tend to offer legislative solutions to the minority shareholders have often been identified to be implemented by various nations providing much relief to the plaintiffs ( ).For instance, in Australia, the two significant mechanisms which defend the rights, as well as the interests associated with the minority shareholders against the misbehavior deciphered by the majority shareholders, are ‘Part 2 F.1’ and ‘Part 2F.1A’ of the Corporations Act followed in Australia. Corporate Law.
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