LEADER 05665nam 2200697 450 001 9910465620303321 005 20200520144314.0 010 $a94-6094-935-5 035 $a(CKB)2560000000149337 035 $a(EBL)1951396 035 $a(SSID)ssj0001215470 035 $a(PQKBManifestationID)11691988 035 $a(PQKBTitleCode)TC0001215470 035 $a(PQKBWorkID)11177268 035 $a(PQKB)11018736 035 $a(MiAaPQ)EBC1951396 035 $a(Au-PeEL)EBL1951396 035 $a(CaPaEBR)ebr10856408 035 $a(CaONFJC)MIL663217 035 $a(OCoLC)876623946 035 $a(EXLCZ)992560000000149337 100 $a20140415h20132013 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aBringing controlling shareholders to court $estandard-based strategies and controlling shareholder opportunism /$fChunyan Fan 210 1$aHague, Netherlands :$cEleven International Publishing,$d2013. 210 4$dİ2013 215 $a1 online resource (275 p.) 225 0 $aCRBS-dissertatiereeks Bringing controlling shareholders to court 300 $aDescription based upon print version of record. 311 $a1-322-31935-9 311 $a94-6236-107-X 320 $aIncludes bibliographical references. 327 $aCover; Title Page; Acknowledgement; Chapter I Introduction; 1.1 Controlling Shareholder Opportunism; 1.2 Standard-Based Strategies; 1.3 The Research Issue and Sub-Issues; 1.4 Individual Jurisdiction Study; 1.5 Structure of the Book; Chapter II Shareholder Dynamics and Agency Problem; 2.1 Shareholders' Control Rights; 2.1.1 Shareholder as Risk Capital Provider; 2.1.2 Legal Nature of the Company; 2.1.3 Shareholder Control; 2.1.3.1 Matters Subject to Shareholder Voting; 2.1.3.2 Implications of Shareholder Voting Rights; 2.1.4 Conflict of Interests within Shareholder Group 327 $a2.2 The Agency Theory2.2.1 Agency Relationship; 2.2.2 Agency Problem; 2.2.2.1 An Utility Maximizing Agent; 2.2.2.2 Agency Cost; 2.2.3 The Strategies: An Overview; 2.3 Dealing with the Controlling v. Minority shareholdersConflict; 2.3.1 Affiliation Rights; 2.3.2 Reward Strategy; 2.3.3 Decision Rights Strategies; 2.3.4 Rules and Standards; Chapter III Fiduciary Duty: The Standard-based Strategy; 3.1 Director's Fiduciary Duty; 3.1.1 The Fiduciary Relationship; 3.1.2 Director as a Fiduciary; 3.1.3 The Standard-Based Strategy in Evolution: Director-RelatedTransaction Regulation as an Example 327 $a3.2 Enforcing Fiduciary Duty3.2.1 Courts and Enforcing Directors' Duties; 3.2.1.1Duty of Loyalty and the Entire Fairness StandardThe duty of loyalty requires a director to serve the company's interest; 3.2.1.2 Duty of Care and Business Judgment Rule; 3.2.1.3 To Review or Not to Review?; 3.2.2 Derivative Action; 3.3 Reflecting on the Strategy; Chapter IV The United States; 4.1 Introduction; 4.2 Controlling Shareholders and Their Role as Fiduciaries; 4.2.1 Definition of "Controlling Shareholder"; 4.2.1.1 De jure Controlling Shareholder; 4.2.1.2 De facto Controlling Shareholder 327 $a4.2.1.2.1 Plaintiff's Burden of Proof4.2.1.2.2 Establishing Working Control; 4.2.2 Controlling Shareholders as Fiduciaries; 4.3 The Standard of Entire Fairness: Fair Price and Fair Dealing; 4.3.1 Fair Price; 4.3.2 Fair Dealing; 4.3.2.1 Arm's Length Bargain; 4.3.2.2 Duty of Full Disclosure; 4.3.2.2.1 "Completeness" in the Disclosure of Material Information; 4.3.2.2.2 Limitation as to Materiality: Examples from Rosenblatt and Lynch II; 4.3.2.2.3 "Privileged Information" in an Arm's Length Bargain?; 4.3.2.3 Fair Dealing and the Burden of Proof in Judicial Review 327 $a4.3.3 Entire Fairness: A Non-bifurcated Test4.3.4 Substantive vs. Procedural Fairness: Some Reflection; 4.3.4.1 Rosenblatt; 4.3.4.2 Procedure as Safeguard; 4.4 Applicability of the Entire Fairness Review; 4.4.1 Introduction; 4.4.2 The Sinclair Advantage/Disadvantage Test; 4.4.2.1 The Case and the Test; 4.4.2.2 Applying the Test in Sinclair; 4.4.3 Weinberger and other Post-Sinclair Cases; 4.4.4 Sinclair Revisited; 4.4.5 Judicial Review of Transactions Bargained at Arm's Length orApproved by Minority Shareholders; 4.4.5.1 A Safe Harbor under the Entire Fairness Review? 327 $a4.4.5.2 Double-Checking the Controlling Power: Over-regulation or Not? 330 $aControlling shareholders have largely unbalanced power in the governance structure of corporations, which leaves the minority shareholders vulnerable to being exploited. One way to deal with the problem is to allow minority shareholders to sue a controlling shareholder when they think they have been treated unfairly by the said controlling shareholder, and the challenged conduct will be reviewed by court under certain standard pre-set by law. Legal practitioners and economists consider this kind of solution a standard-based strategy. This book discusses how to use these standard-based strategi 606 $aCorporate governance$zUnited States 606 $aCorporate governance$zGreat Britain 606 $aCorporate governance$zChina 606 $aStockholders$xLegal status, laws, etc$zUnited States 608 $aElectronic books. 615 0$aCorporate governance 615 0$aCorporate governance 615 0$aCorporate governance 615 0$aStockholders$xLegal status, laws, etc. 676 $a658.4 700 $aFan$b Chunyan$0990843 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910465620303321 996 $aBringing controlling shareholders to court$92267184 997 $aUNINA