Summary
The Law on Joint Stock Companies provides the framework that joint stock companies must abide by and so acts as a management resource for these companies. The Law covers all aspects of the formation, running and sale of joint stock companies, paying special attention to stockholder rights and their obligations to the company. Chapter 5 of the Law is dedicated to company management and so provides the basis for the governance rules that those involved in the management and governance of joint stock companies must follow.
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