Shareholder Derivative Action

Shareholder Derivative Action

Assessment

Interactive Video

Business, Social Studies

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video explains the accountability of corporate officers and directors to shareholders, focusing on fiduciary duties and derivative liability. It discusses the business judgment rule, which protects officers and directors if they use reasonable judgment in decision-making. Shareholders can sue if officers or directors act recklessly or intentionally harm the corporation.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the business judgment rule and how does it protect directors and officers?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Under what circumstances can shareholders bring an action against a director or officer?

Evaluate responses using AI:

OFF

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