Ram, Shyam and Rohit were partners in a firm

cbse
formsofbusiness

#1

Ram, Shyam and Rohit were partners in a firm. In order to give higher credential to their business,they converted their firm into a joint stock company. Being promoters of their company, they hold 56% equity shares. Out of six directors of the company, four directors are from the families of promoters. In decision making on important issues, these directors always had th&r dominance over the outside directors. As a result, many decisions tend to be against the interest of the minority share holders. Identify the value ignored.


#2

Values ignored by the management of the company are:
(1)Equality of persons.
(2)Giving importance to minority share-holders.
(3)Subordination of individual interest over general interest.
(4)Rational and fair practice of decision making.