Blog entries tagged with "shareholders"
NO EXCUSE FOR FAILURE TO MAKE A DEMAND ON THE BOARD
By Andrew Last on February 08, 2010 - Comments(0)
Derivative suits enabled shareholders to stand in the shoes of the corporation and sue on its behalf. One purpose of the derivative suit is to empower shareholders to sue the board of directors for their wrongful actions (such as breach of fiduciary duty) since it is unlikely that board members ...
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