A Legal Perspective on Shareholder Relationships in Family Businesses: The Scope of Fiduciary Duties
Murdoch, Moni; Murdoch, Charles W.; Murdoch, Moni, Family therapist in private practice and consults to agencies, prdfessionals, and family businesses. She is on the faculty of Loyola University and the Family Institute of Chicago and is past chair of the board of the Family Institute.; Murdoch, Charles W., professor of law at Loyola University of Chicago and has written extensively in the corporate and securities areas. With his wife, he also team consults to family businesses. The Murdochs, together with John Ward, recently founded the Loyola Family Business Center.
Журнал:
Family Business Review
Дата:
1991
Аннотация:
When the employment of a shareholder in a family business is terminated or when dividends are not paid to inactive members, disputes often arise that can lead to litigation. In the past, minority shareholders have not had much leverage in these situations. However, developments of the past decade have substantially enhanced the position of minority shareholders. Recognizing this, professionals in the family business area may be able to mediate disputes before the polarization that leads to litigation occurs.
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