Rabkavi The reason for this irrevocable replacement of a power of power is to exempt the agent from his actions in the agent-principal relationship when acting as a principal As a shareholderThe terms “stakeholders” and “shareholder” are often used synonymously in the business environment. If one carefully considers the meanings of stakeholders and shareholders, there are significant differences in use. In general, a shareholder is a stakeholder in the business, while a stakeholder is not necessarily a shareholder. All decisions taken by the agent shall be considered to be in the best interest of the contracting authority. Therefore, he is not responsible for their actions before the expiry of the power of attorney. However, if the officer has a personal interest in the case, it is unlikely that he will be acquitted of the law on the consequences arising from his actions. A power of attorney is not irrevocable unless (1) the power of attorney form clearly states that it is irrevocable, and (2) the power of attorney is “associated with an interest” – meaning that the reason for the power of attorney is not only the transfer of the power of attorney, but that the power of attorney has an interest in the shares, for example, .B. a preferred creditor, who holds the shares as security and has the right to vote on the shares by proxy until the debt exists. paid..