The broad concept of a company and business law by its nature is that its affairs are managed by a board of directors and that shareholders are bound by resolutions approved by the majority of them. The problem however arises when minority shareholders disagree or are prejudiced by the majority rule. Even where they wish to exit, they often find that their shareholding is unmarketable. The Companies Act  has introduced a number of remedies that may alleviate this.

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Written by Nicolene Schoeman-Louw, Schoeman Attorneys