kaal:claim:3017612-029

Standstill agreements entrench management and can lead a company into stagnation, so they may operate prejudicially on shareholders' property rights.

Source quote, verbatim

These agreements tend to entrench management and can lead to stagnation for the company, so they sometimes "operate prejudicially upon" shareholders' property rights.

From

Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017), III.4 Shareholders' Agreements in pre-insolvency situation, p. 14
https://ssrn.com/abstract=3017612 · source PDF

Cite as

Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017). SSRN: https://ssrn.com/abstract=3017612

Holds when

standstill agreements restricting voting

Classification

failuresupport: arguedfailure: management-entrenchment-through-standstillfamily: agency-cost-and-managerial-opportunisminstitutional-design

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 33821db406f92efbe1698fbaed37687595c13b7ce5463b4a879df679fd4af1ac. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/bbebea19bc6b7887...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3017612-029.md | sha256sum