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Vol 23 No 5 May/June 2018

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Comparative Study of Shareholders Derivative Actions: England, the United States, Germany and China

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ISBN13: 9789041126351
Published: April 2007
Publisher: Kluwer Law International
Country of Publication: Netherlands
Format: Paperback
Price: Out of print

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.
Comparative study shows that the issue of how to strike a balance between corporate efficiency and protection for the company and its minority shareholders is key in derivative actions.