Ownership versus control: Fault lines in directors-shareholders relationship-special reference to Malaysian family business
The structure of family business is unique compared to the non-family business as it combines three elements, namely, family relationships, composition of owners and management structure under the name of the business.This distinctive attribute often give rise to governance issues. Under the conven...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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UUM College of Law, Government and International Studies
2011
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/15756/1/1.pdf |
| _version_ | 1803627029275344896 |
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| author | Abd Ghadas, Zuhairah Ariff Hassan, Halyani |
| author_facet | Abd Ghadas, Zuhairah Ariff Hassan, Halyani |
| author_sort | Abd Ghadas, Zuhairah Ariff |
| collection | UUM |
| description | The structure of family business is unique compared to the non-family business as it combines three elements, namely, family relationships,
composition of owners and management structure under the name of the business.This distinctive attribute often give rise to governance issues. Under the conventional concept of corporate governance, directors should act in the best interest of the shareholders.In doing so, the directors’ action is governed by certain rules which specify their duties and these rules are relevant to the shareholders with respect to their rights.Although there are laws which govern the relationship between the directors and shareholders, in certain circumstances there are some latent problems.These hidden problems can be identified as the fault lines in the relationship
between directors and shareholders. This article discusses the issues pertaining to fault lines which may arise in a family business due to the complex and overlapping structure between directors and shareholders in a family business. Research methodology applied in this research is mainly doctrinal analysis. |
| first_indexed | 2024-07-04T05:59:34Z |
| format | Article |
| id | uum-15756 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:59:34Z |
| publishDate | 2011 |
| publisher | UUM College of Law, Government and International Studies |
| record_format | dspace |
| spelling | uum-157562015-10-18T04:37:11Z https://repo.uum.edu.my/id/eprint/15756/ Ownership versus control: Fault lines in directors-shareholders relationship-special reference to Malaysian family business Abd Ghadas, Zuhairah Ariff Hassan, Halyani K Law (General) The structure of family business is unique compared to the non-family business as it combines three elements, namely, family relationships, composition of owners and management structure under the name of the business.This distinctive attribute often give rise to governance issues. Under the conventional concept of corporate governance, directors should act in the best interest of the shareholders.In doing so, the directors’ action is governed by certain rules which specify their duties and these rules are relevant to the shareholders with respect to their rights.Although there are laws which govern the relationship between the directors and shareholders, in certain circumstances there are some latent problems.These hidden problems can be identified as the fault lines in the relationship between directors and shareholders. This article discusses the issues pertaining to fault lines which may arise in a family business due to the complex and overlapping structure between directors and shareholders in a family business. Research methodology applied in this research is mainly doctrinal analysis. UUM College of Law, Government and International Studies 2011 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/15756/1/1.pdf Abd Ghadas, Zuhairah Ariff and Hassan, Halyani (2011) Ownership versus control: Fault lines in directors-shareholders relationship-special reference to Malaysian family business. UUM Journal of Legal Studies, 2011 (2). pp. 1-16. ISSN 2229-984X http://www.uumjls.com/UUM_Journal_of_Legal_Studies.html |
| spellingShingle | K Law (General) Abd Ghadas, Zuhairah Ariff Hassan, Halyani Ownership versus control: Fault lines in directors-shareholders relationship-special reference to Malaysian family business |
| title | Ownership versus control: Fault lines in directors-shareholders relationship-special reference to Malaysian family business |
| title_full | Ownership versus control: Fault lines in directors-shareholders relationship-special reference to Malaysian family business |
| title_fullStr | Ownership versus control: Fault lines in directors-shareholders relationship-special reference to Malaysian family business |
| title_full_unstemmed | Ownership versus control: Fault lines in directors-shareholders relationship-special reference to Malaysian family business |
| title_short | Ownership versus control: Fault lines in directors-shareholders relationship-special reference to Malaysian family business |
| title_sort | ownership versus control fault lines in directors shareholders relationship special reference to malaysian family business |
| topic | K Law (General) |
| url | https://repo.uum.edu.my/id/eprint/15756/1/1.pdf |
| work_keys_str_mv | AT abdghadaszuhairahariff ownershipversuscontrolfaultlinesindirectorsshareholdersrelationshipspecialreferencetomalaysianfamilybusiness AT hassanhalyani ownershipversuscontrolfaultlinesindirectorsshareholdersrelationshipspecialreferencetomalaysianfamilybusiness |