공정성 확보를 위한 소수파주주 보호제도

The Stock of the close corporation is typically owned by a small number of shareholders. The directors and shareholders may in some cases be the same individuals. By the way, the majority shareholders dominate the management of close company. The doctrine of majority rule creates the possibility for majority shareholders to make decisions which further their own interests at the expense of the minority owners. Moreover, the majority shareholders often oppress the minority with the unfair prejudice. Therefore, The UK Company Law has developed to 'oppression and remedy of minority shareholders. The doctrine of shareholder oppression attempts to safeguard the close corporation minority investor from the improper exercise of majority control. First, this thesis examines how protect minority shareholders against oppression or unfair prejudice on a comparative analysis of the United Kingdom, United State America, German and Japan . A review of remedies for shareholder disputes in the UK, USA, German and Japan reveals considerable diversity in company law. The UK and USA has adopted the measures for the relief, that is, court's ordering one or more members to purchase the shares of other members. German has the expulsion remedy. But we have not the relief statutory for minority shareholders oppressed in the company's affairs such as the UK, USA, German. Conclusionally, I think, it is necessary to adopt the Uk way of remedy. And it is necessary to adopt unconditional appraisal remedy under the particulars matters.