Buy custom Accounting In New Zealand 
    
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            | Topic: | 
            
                
                    Business
                
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            | Number of pages / Number of words: | 
            
                6 / 1568             | 
        
                
    
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Thus, legal expectations may relate to: participation in management, decision making, employment, sharing profits.
At the same time, Sir McCarthy warned against the power of s 174 to invade traditional rights of the shareholders to determine the management of their company according to their shareholding and the âdanger of allowing minority interests to inflict serious damage to a companyâs structure â...
        
        
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The Courts are therefore, aware of the need to restrict judicial intervention in management of corporate affairs. They attempt to balance the interests of those entitled to claim protection against the ability of management to conduct business in an efficient way (Thomas v H W Thomas Ltd, [1984]). The Courts give considerations to all interests and this equality approach has been adopted and enlarged in post âThomas cases, whereas the emphasis has been âtowards the expansion of shareholder oversight of companies, and away from the uninhibited application of the majority rule principle and directorâs business judgmentâ Berhahn, 1997)...
        
        
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                                    Accounting In New Zealand
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