solved Today, most of the claims brought against directors and officers
Today, most of the claims brought against directors and officers in
the United States are those alleged in shareholders’ derivative
lawsuits. Other nations, however, put more restrictions on the use of
such lawsuits. German law, for example, does not provide for derivative
litigation, and a corporation’s duty to its employees is just as
significant as its duty to the shareholder-owners of the company. The
United Kingdom has no statute authorizing derivative actions, which are
permitted only to challenge directors’ actions that the shareholders
could not legally ratify. Japan authorizes derivative actions but also
permits a company to sue the plaintiff-shareholder for damages if the
action is unsuccessful.Assignment: (1) Research the laws/statutes/rules/court cases governing
shareholder derivative lawsuits in one of the nations listed above or
any other nation. (2) In a minimum 250-word post, please: (a) Cite the law/statute/rule/court case governing shareholder derivative lawsuits of the nation you chose; and (b) Explain if the shareholder derivative lawsuit has
encouraged businesses to be more or less culturally responsible? Give at
least one specific example.Research Information/Suggestions:1. Please use reliable and credible search engines (please do not use Wikipedia). 2. This website has great information on research skills: http://lib.usfsp.edu/sb.php?subject_id=136086 (Links to an external site.).3. I suggest using either Westlaw or Lexis-Nexis which can be found under Databases once you log into the USF Library network. 4. Don’t hesitate to ask a Librarian for assistance (https://lib.stpetersburg.usf.edu/RIHome/allguides (Links to an external site.))!Citations:1. You may use the APA, MLA or Turabian format. For information on how to cite your research, please visit this website: https://lib.usfsp.edu/Citations (Links to an external site.).2. Please put your citations into your assignment. The citations do not count towards the word count.