Financial interests of minority shareholders are uncertain and volatile in the Pakistan Company Act. The Act does not have a significant redress in the shape of a derivative action mechanism, which is a key policing tool for management accountability and transparency. The fact that derivative...

An efficient corporate governance system ensures that an organization runs smoothly, protects shareholders, and ensures that directors conduct their duties in the best interests of the company. Because of their dominant position and voting power, majority shareholders can abuse their power by...