While shareholders are commonly regarded as the company’s owners, it is the board of directors who oversee the company’s operations in its best interest.
It is essential to recognize that, from a legal standpoint, the company exists as a distinct legal entity owned by the shareholders and managed by its directors.
When shareholder interests conflict with the company’s, the board of directors must prioritize the company’s well-being.
Although shareholders have decision-making power, the board governs for the benefit of shareholders and stakeholders, guiding the organization towards what is most advantageous.
“In the often event where the needs of the shareholders do not represent the needs of the company, it is the duty of the board of directors to priorities the needs of the company over the shareholders. “
While not all directors are independent of the company, they are entrusted with the responsibility of overseeing the company’s operations and prioritizing the organization’s interests above all other considerations.
In the scenario of a takeover, merger, liquidation, or dissolution due to insolvency, the rights of shareholders are safeguarded and given precedence. The determination of whose interests take precedence hinges on the specific circumstances, requirements, and entitlements of both the company and its shareholders.
The Sttewwards Limited 
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