What action can minority shareholders take if they disagree with the majority's decision in a company?

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Minority shareholders often face challenges when their interests are overridden by majority shareholders in a company. However, the assertion that minority shareholders have no options is misleading. In many jurisdictions, minority shareholders can take various actions to express their disagreement or protect their interests.

One key action is to attend an extraordinary meeting, where important decisions are discussed and voted upon. This allows minority shareholders to voice their concerns directly to the board and other shareholders, potentially influencing the outcome of future decisions. Additionally, minority shareholders have the right to request a vote on significant matters that affect the company or their investment. This could lead to a situation where their perspective is considered or where they can rally support from other shareholders.

Moreover, minority shareholders can file a complaint, particularly if they believe that the majority is acting in a manner that is oppressive or unfairly prejudicial to their interests. This could include actions that violate corporate governance norms or fiduciary duties owed by directors.

Therefore, it's essential to recognize that minority shareholders do have avenues for recourse and actions they can take rather than being without any course of action, as stated in the answer option.

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