Study on the Role of Corporate in Shareholder's Derivative Suit
Shareholder's derivative suit aims at the perfecting of corporate governance,through efficient supervision of owners to their agencies,and depends on the design of both relevant substantive and procedural regulations.The current Corporate Law of China provides generally fiduciary duty of directors,supervisors and senior managers towards the corporate,as well as the outline of the Suit.However,the neglect of relevant procedural regulations,which will inevitably result in inconvenience and ambiguity in the implementation,abates its feasibility.This paper intends to design a feasible and efficient role of corporate to act in the Suit.