Revista JRTMED vol. 11 nr. 2(22) 2024-60-80

SHAREHOLDERS' RIGHTS IN JOINT-STOCK COMPANIES: LEGAL REGULATIONS AND OPPORTUNITIES FOR EFFECTIVE CORPORATE GOVERNANCE

Liliana DANDARA, Assoc. Prof, PhD
Trade Co-operative University of Moldova
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ORCİD: https://orcid.org/0009-0000-3937-9079
Valentina REVENCO, PhD Student
Doctoral School in Law, Political and Administrative Sciences, Republic of Moldova
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ORCİD: https://orcid.org/0000-0001-9341-4840

DOI: https://doi.org/10.59642/JRTMED.2.2024.04

Universal Decimal Classification: 347.72+342.7

JEL Classification: F15, K00, K33

Abstract

The joint-stock company is the most complex and advanced form of commercial company. It is a legal organizational form for businesses that seek to attract significant capital and benefit from the advantages of limited liability and structured corporate governance. However, joint-stock companies also involve certain disadvantages, such as complex formalities and public supervision. The choice of the appropriate legal form for a business depends on various factors, such as the size of the business, ownership structure, and financing needs. The primary role in the proper functioning of the company, its governance, and sustaining its vitality lies with the shareholders. Their rights are essential to ensuring transparency, fairness, and accountability in the management of the company. The protection and exercise of these rights contribute to the stability and long-term success of joint-stock companies.
Keywords: joint-stock company, shareholder, share, rights, dividends
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