The article examines the problem caused by sole majority shareholders, with particular reference to exploitative actions by controlling shareholders in Chinese listed companies. While acknowledging the inevitability of the majority rule principle, the article discusses its defects inherent in the institution,which lead the potential for its manipulation in practice. To rectify such abuses, which bring the result of the unbalance between controlling shareholders and little shareholders, it is necessary to develop the fiduciary duty for controlling shareholders, and to guarantee its performance by specific institutions established. |