Which action can shareholders take if they disagree with a company decision?

Shareholders have specific rights and mechanisms through which they can express their disagreement with a company's decisions, depending on the legal framework and corporate governance structure applicable to the company. In some contexts, if shareholders believe that a decision made by the board of directors is detrimental or harmful to their interests or contrary to the company's bylaws, they have the option to apply to the court for relief. This could involve seeking a variation or cancellation of certain decisions that they believe were made unlawfully or unreasonably.

This process allows shareholders to bring their grievances before a judicial system, where a judge can review the decision and the circumstances under which it was made, ensuring that there is a legal check on the actions of the company’s management.

While the other options may seem plausible, they are less relevant in this context. Filing for bankruptcy is a corporate action typically taken when a company is unable to meet its debts, not a direct action for shareholders to contest decisions. Changing the board of directors can occur in certain circumstances, usually requiring a shareholder vote and typically happens during scheduled meetings rather than as a direct response to specific disagreements. Negotiating a buyout is another option available, but it is usually initiated by either the shareholders or the management in the context of acquiring a