When directors and officers do not act in the best interests of their corporations,the shareholders may sue them on the company's behalf.

Name: When directors and officers do not act in the best interests of their corporations,the shareholders may sue them on the company's behalf.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

This is known as a derivative lawsuit and allows shareholders to seek legal action against directors and officers who have breached their fiduciary duty to act in the best interests of the corporation.

When Directors and Officers Do Not Act in the Best