Minority Shareholders and Remedies

Individuals holding a minority interest in a corporation are in a vulnerable position. They have no certainty of participation in the day to day decisions affecting the company, nor any certainty as to when they will receive a return on their investment. Despite that vulnerability, minority shareholders have tools at their disposal that can be used to protect their rights, and place pressure on management to consider their interests when making decisions. This podcast will discuss the provisions of the Illinois Business Corporation Act, and how they can be used by a minority shareholder to protect their rights.