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One aspect of the rule in Foss v Harbottle – that shareholders are bound by ‘majority rule’ – is unfair for minority shareholders. Whether disagreeing with alteration of the articles of association or unhappiness with the decisions of management, minority shareholders have limited options when it comes to having their interests protected.
Critically evaluate the statement above with reference to relevant case law and company law principles.
Citations: Foss v Harbottle (1843) 2 Hare 461
I have attached all the relevant sources you might need. you may use other sources as long as they are academic.
no footnotes or bibliography are allowed. all referencing must be INDIRECT, intext Harvard referencing.