Examlex
What is an insider?
Minority Shareholders
Individuals or entities that own less than 50% of a company's shares, often with limited control over corporate decisions.
Cumulative Voting
A method of voting in corporate elections that allows shareholders to concentrate all their votes on one candidate as opposed to distributing them among multiple candidates.
Corporate Veil
A legal concept separating the actions and liabilities of a corporation from those of its shareholders or directors.
Personal Liability
The legal responsibility of an individual to settle a debt or pay for damages out of their own assets.
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