In modern society, all democratic institutions operate on a majority basis. The Company form of business organization is no exception. All major corporations and companies incorporated in Jamaica operate on this basis. The Principle of the majority has been upheld by the courts also in Foss vs Harbottel and similar other cases.

In light of the above statement discuss the rules regarding minority protection and exceptions to Foss vs Harbottle rule. What are the statutory exceptions when Foss vs Harbottle Rule will not be applicable?

In your view how minority shareholders of companies in Jamaica can protect themselves in light of a series of financial scandals in the corporate world 5 Marks