Quote:
Originally Posted by sanfour it's not anyone's fault actually...OTV is for the lebanese people, that's what it
advertises. |
I beg to differ. In a public shareholding firm like OTV, one shareholder should not be allowed to have the amount of shares that give him the power to influence the company's policies, directives, modus operande, etc...
And to ensure this, there must legal clauses and bylaws that prevent any one person from having let's say more than 20% of the shares. And for him/her to have such substantial shares, he must at first disclose his bank accounts or something like that. I'm not a lawyer to know much about this, but my point is that there are legal restrictions to prevent this from happening.
That way, the 50% + of the shares will be controlled by multiple shareholders, and the company will not succumb to whims of one person.