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23:39
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Originally posted by walkingeagle
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There can be no rational objection on the grounds SWC is saying he is too busy to raise himself (although in his view others should) . Whilst there is a general provision in company law to the effect that if a minority shareholder's interests are 'oppressed" by the actions of the (or a) majority, then a route is open in law for the minority to bring action against the majority for damage caused to the minority, this is a provision very rarely used because the burden of proof is great and precedent shows it has a very poor record of success.
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S232 Corporations Act...
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