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Since the majority shareholder(s) can decide to replace the board of directors, it’s not the board of directors who holds the (ultimate) power, it’s the majorit
by jsjohnst 6mo ago
Since the majority shareholder(s) can decide to replace the board of directors, it’s not the board of directors who holds the (ultimate) power, it’s the majority shareholder(s).
- dbdr 6mo agoIndeed, and there we reached the end of the chain.