Even though a company is run in accordance with the wishes of the majority shareholders, it does not mean that the majority shareholders can pass resolutions at will. The law will protect minority shareholders when their interests are affected. The most important question, however, is whether existing laws to protect minority shareholders are sufficient. Equally important is whether minority shareholders play an active role in monitoring the company's operations, namely shareholder activism.

Discuss and critically examine the above statements. Include the legal status in the UK, Australia. Such comparisons should indicate a more comprehensive approach to the protection of minority shareholders