The “blocking minority” concerns decision-making by a company, through its decision- making bodies. Their operation is regulated by law, the statutes and, directly or indirectly, by extra-statutory agreements.
A blocking minority is defined as a minority when shareholders or minority shareholders block a meeting decision by their vote.
The majority of votes required for a decision to be taken varies according to the types of decisions, while the blocking minority allowing opposition also varies. The question of the blocking minority must therefore always be examined in the light of the nature or purpose of the specific decisions.
For each decision, the overall legal and contractual framework applicable to the company and its shareholders must be taken into account.
