tag:blogger.com,1999:blog-7536265591661518152.post3085647632457880955..comments2024-03-13T09:09:48.146-07:00Comments on Law School Case Briefs | Legal Outlines | Study Materials: Hoschett v. TSI International Software, Ltd. case briefLawSchoolCaseBriefs.nethttp://www.blogger.com/profile/16912283726092434270noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7536265591661518152.post-19655526284249036842014-04-06T09:27:52.391-07:002014-04-06T09:27:52.391-07:00Hoschett v. TSI International
Summary
... Hoschett v. TSI International<br /> Summary<br /> Plaintiff owns 1200 shares of common stock in TSI<br /> TSI is a privately held company, less than 40 stockholders, and has never had an annual meeting for the election of a board of directors<br /> Plaintiff seeks to compel such a meeting<br /> TSI claims right after suit was filed, a majority of shareholders signed a "consent" that the current 5 directors serve as director until a successor is duly elected and qualified – satisfying the need for an annual meeting<br /> Issue<br /> May the majority of shareholders effectively avoid the annual meeting requirement?<br /> Analysis<br /> Purpose of annual meeting<br /> provides discipline in<br /> occasion for interaction,<br /> participation<br /> There is some incorporation of democratic ideals in corporate governanceLawSchoolCaseBriefs.nethttps://www.blogger.com/profile/16912283726092434270noreply@blogger.com