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Corporate Governance in China

The Comparative Perspectives on Derivative Actions

Springer Berlin,
Buch
106,95 € Lieferbar ab 06.06.2017

Kurzbeschreibung

This book examines derivative action, which enables shareholders to gain redress for wrongs done to their company and deters breaches of directors’ fiduciary duties. Considers use of derivative action in China, which lacks adequate corporate governance tools.

Details
Schlagworte
Hauptbeschreibung

Titel: Corporate Governance in China
Autoren/Herausgeber: Qingxiu Bu
Ausgabe: 1st ed. 2017

ISBN/EAN: 9783642355295

Seitenzahl: 300
Format: 23,5 x 15,5 cm
Produktform: Hardcover/Gebunden
Gewicht: 0 g
Sprache: Englisch

This book considers the derivative action, an important corporate governance tool which is commonly considered to serve two basic functions, i.e., enabling shareholders to gain redress for a wrong done to their company and deterring potential breaches of directors’ fiduciary duties. This book critically examines the derivative action from theoretical, evolutionary, and comparative perspectives. It considers how controversial issues such as locus standi, demand requirements, indemnity cost orders, information asymmetry and res judicata are approached in selected civil law countries as well as throughout the Commonwealth. The book also assesses whether derivative litigation could fulfill a similar role in China, which is one of the most rapidly developing economies in the world, yet lacks adequate corporate governance mechanisms. The ultimate aim discussed in the book is how to establish a remedial mechanism which makes derivative actions more accessible and consistent, while maintaining the balance between corporate efficiency and protecting minority shareholders’ interests. Lastly, based on different approaches in the latest reforming infrastructure, it explores whether there is a general converging trend for derivative actions between the two major legal systems.

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