Page 158 - ESSAYBCTO ENG 3rd

A cooperative company owned by minority shareholders
The GOB business is a business that is operated by funds invested 100% by minority s

hareholders .

While running a company called Seohan Air Co., Ltd. , I naturally discovered the proble
ms that the company had .

In general, in a stock corporation, a minority majority shareholder with a 51% stake and
a majority minority shareholder with a 49% stake make decisions based on the number

of shares.
However , of course , the 51% majority shareholder controls everything and has mana

gement rights.
It is meant to be had .

Because of this, minority shareholders, who only own 49% of the shares, have always
been in a position to watch good things in the background , and the reality of today's sto

ck companies is that they have no choice but to have further dissatisfaction and suspici
on .

I think it is probably natural that the general shareholders' meetings of such companies
are nothing more than a den of shareholders, with shouting, pointing , and physical

fights .

As long as this type of joint-stock company continues , such a battleground for tyrann
y will continue.
And the majority shareholder with 51% is raising funds from minority shareholders.

intentionally increases the value of his 51% stake in order to

The vicious cycle will continue through various methods, including accounting fraud .

Under the current stock company system, not only fraudulent accounting , but also dou

ble-bookkeeping to blind minority shareholders and deceive tax authorities and superv
isory agencies to seek profits for major shareholders will continue .

So, the form of business to overcome this is a

I am not a company that only benefits undesirable major shareholders .

where everyone could participate and work together and share the resulting profits fairl
y .

Rather than having a specific group or major shareholder control the company , it was h
QR oped that the company would be run cleanly and transparently by professional manager

s hired with the approval of all shareholders .

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