Question 4 Answer a_H parts of this question 'When holding shares in a company, it is vital that the shareholder fully understands what legal rights those shares carry as certain share percentages carry different powers. A minority shareholder is defined as a shareholder who does not exert control over a company.' Required: a) Explain what is understood in law by the will of the majority and in general terms the legal courses open to minority members who seek protection against the actions of the majority. (7 marks) b) Explain what is meant by unfairly prejudicial conduct and the orders a court can make when a petition is successful. (7 marks) 0) Discuss the purpose and importance of shareholders' agreements in regulating members' rights and duties. (6 marks) Total 20 marks