The Shareholder’s Right to Monitor the Public Joint-Stock Company

Abstract

The study addressed the topic of the shareholder’s right to oversee the Public Joint Stock Company, highlighting it as a significant aspect in understanding and delineating the rights of shareholders within the Public Joint Stock Company. These rights extend beyond mere oversight and voting, serving as a mechanism to lure investors to the corporate sector. Shareholders’ rights to supervision, the nature of disclosures, and the methods for accessing documents stand as some of their pivotal rights. Employing a descriptive analytical approach to scrutinize the legal rules set forth in the company law, along with a comparative analysis involving the Jordanian legislature, the study fundamentally focused on the stipulations of the Palestinian Company Law No. 42 of 2021. This law notably delineates the general rights of shareholders without specific allocations, thereby embodying the principle of equality among shareholders within this right, and recognizing it as a legally protected entitlement for all. As a consequence, one of the most significant recommendations emerging from the study is urging the Palestinian legislature to dedicate a section exclusively to shareholders in companies, explicitly detailing their rights and responsibilities, rather than offering a generalized mention.