Towards Enhancing the Shareholder's Right to Control the Management of the Public Shareholding Company
The control of the management and functioning of the Public Shareholding Company is one of the most important rights given to the shareholder, who can exercise this right, individually or collectively, through the Company's General Assembly. To be able to exercise his vital right, the shareholder should be informed of the Company's administrative and financial situation. Hence, the shareholders' information right has been always enhanced by the Comparative legislations through diversifying and expanding its means and scope.
However, by analyzing the provisions of U.A.E Companies Law, it was clear that these provisions are insufficient for the effectiveness of the shareholder's right of control; the effective exercise of this right is challenged by several practical obstacles that weaken the role of the shareholder. Therefore, this study aims to examine the weakness points of U.A.E Companies Law and the reasons behind it in order to provide appropriate suggestions and solutions by gaining advantage from the European insight.
The study is divided into two sections; in the first one, we proved the weakness of shareholder's right of control as per the current Companies Law, while in the second one, we suggested the appropriate means for enhancing this right.
Key words: Shareholder, Public Shareholding Company, Control Right, Right of information, Right of Disclosure
Farah, Ahmad Qasim
"Towards Enhancing the Shareholder's Right to Control the Management of the Public Shareholding Company,"
UAEU Law Journal: Vol. 2016:
67, Article 3.
Available at: https://scholarworks.uaeu.ac.ae/sharia_and_law/vol2016/iss67/3