Minority shareholders rights

How would you feel if you owned 49.9% of a company and could not elect even one member of the company’s board of directors? How would you feel if you owned 49.9% of a company without being able to access its corporate and financial information? How would you feel if you had recently invested few million dollars in a company and were excluded from making or even monitoring important corporate decisions? Would you invest in such companies? Lebanese corporate law does not guard effectively against such risks. Rational investors, predictably, will run from the risk of companies lacking transparency, and will be more likely to invest in companies that conform to modern standards of corporate governance. Lebanese companies need to work to attract investors by improving their governance systems and practices instead of scaring them away with outdated, opaque mechanisms. A new code of corporate governance A June 13 event