Journal of Siberian Federal University. Humanities & Social Sciences / Minority Shareholders’ Legal Protection in a Limited Liability Company System

Full text (.pdf)
Issue
Journal of Siberian Federal University. Humanities & Social Sciences. 2021 14 (11)
Authors
I Gde Sukarmo; Hayyanul Haq; Zainal Asikin; Salim HS
Contact information
I Gde Sukarmo: University of Mataram Mataram, Indonesia; Hayyanul Haq: University of Mataram Mataram, Indonesia; Zainal Asikin: University of Mataram Mataram, Indonesia; Salim HS: University of Mataram Mataram, Indonesia;
Keywords
protection; reform; minority shareholders
Abstract

The purpose of this study is to determine the legal protection model for the majority and minority shareholders in public limited companies. This research method is normative research. To investigate the ineffectiveness of laws and regulations, in particular, Law No. 40 of 2007 on limited liability companies in providing shareholder protection, researchers have studied the laws and regulations and considered the views of experts on legal concepts related to legal protection for shareholders, particularly, minority shareholders. The results showed that the law did not provide maximum legal protection for minority shareholders, creating an imbalance between the rights of the minority and majority shareholders. For this reason, 1) reform or progressive changes in laws and regulations are needed, for instance, in PT Law No. 40 of 2007. These changes should be fundamental to philosophical aspects (values and perspectives) in providing shareholder protection; 2) the review of shareholders’ protection methods should be based on the aspects of fairness

Pages
1606–1612
DOI
10.17516/1997-1370-0843
Paper at repository of SibFU
https://elib.sfu-kras.ru/handle/2311/144840

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