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The exchange was wise to uphold its ban on such arrangements, because unlike those in America, ordinary investors cannot easily seek redress through the courts when they feel they have been abused by a company's controlling shareholders.
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To many it seemed that Arnold Palmer, the wise man everyone expected to uphold the sacred rules of golf, had sold his soul for a few pieces of silver.
"We will continue to work with local, state and federal authorities to uphold state laws intended to ensure wise stewardship of taxpayer dollars".
That is a dangerous illusion to uphold.
Politicians have failed to uphold civilian supremacy.
If the court rules to uphold Prop.
"We are sworn to uphold the Constitution.
"We need to uphold our own values".
"We're trying to uphold our rights".
There are appearances to uphold.
"I had a fiduciary responsibility to uphold.
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