15.7 Conoco Phillips announced the purchase of 7.6% of Lukoils (a largely government-owned Russian oil and gas

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15.7 Conoco Phillips announced the purchase of 7.6% of Lukoil’s (a largely government-owned Russian oil and gas company) stock for $2.36 billion during a government auction of Lukoil’s stock. Conoco would have one seat on Lukoil’s board. As a minority investor, how could Conoco protect its interests?

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