Subjects:

Company Law, USA, Other Jurisdictions , Germany, China

In this book shareholders' derivative actions in England, the US, Germany and China are being compared. Western countries among themselves take differing approaches towards derivative action in practice, including its very role and the mechanisms for regulating it.

As far as the function of derivative action is concerned, the author concludes that

• (1) derivative actions play different roles in all these countries;
• (2) their function may vary according to the agency problems to be solved and the type and size of the companies involved;
• (3) derivative action is only one method in a comprehensive system of corporate governance.