Can I prevent my company from doing something if I am minority shareholder?
My late father was an astute businessman, and when he died, I inherited shares in a company he owned with six of his college buddies. All of them are directors, but I am just a shareholder.
The problem is that I discovered that these buddies are just milking the company for their own benefit. They recently sold some company land at a huge discount and I hear that the person who they sold to, gave them generous kickbacks but they left me out.
Every time I bring these issues up during general meetings, I get voted against. I can’t allow this to be my father’s legacy.
What can I do?
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