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Last Thoughts on Corporate Personhood

I am glad to be able to say that my perception of corporate personhood that I had coming into this course has been reshaped radically through learning about the complexities inherent in corporate governance. Better understanding the tensions between different key actors such as directors, shareholders, and management, has helped me surpass my formerly simplistic notion […]

Discussion Activity 8.1

I believe the test that is emerging is: Whether or not the shareholders bona fide or genuinely believed that the alteration was for the benefit of the company as a whole. As stated in the test, shareholders need to act bona fide or honestly when voting on a special resolution. They have to vote believing […]

Conflict of Interest and Duty

I believe as a director, James H. Beatty owed a duty to the company to act in its best interest and avoid conflicts of interest. However, as a shareholder, he did not have that duty. I don’t think that the shareholder vote necessarily relived him of that duty. Instead, it was his absence at the […]