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2006•Journal of North China Institute of Water Conservancy and Hydroelectric PowerRequires access

On Shareholders' Derivative Action of China Corporation Law

Huang Jian-shui

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Abstract

The rule of shareholders' derivative action started from the sentence of the case that came about in England in 1964.It has been adopted in the corporation laws of the Great Britain,the United States of America,Canada,Japan and Taiwan of China.In our country,it had not been ensured until October,2005 in the newly revised China Corporation Law.Its establishment will play an important role in improving the management mechanism of companies,assuring the right of small shareholder and company,and promoting the development of market economy.But its limits should be perfected.

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What this paper is about

The rule of shareholders' derivative action started from the sentence of the case that came about in England in 1964.It has been adopted in the corporation laws of the Great Britain,the United States of America,Canada,Japan and Taiwan of China.In our country,it had not been ensured until October,2005 in the newly revised China Corporation Law.Its establishment will play an important role in improving the management mechanism of companies,assuring the right of small shareholder and company,and promoting the development of market economy.But its limits should be perfected.

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Available abstract

The rule of shareholders' derivative action started from the sentence of the case that came about in England in 1964.It has been adopted in the corporation laws of the Great Britain,the United States of America,Canada,Japan and Taiwan of China.In our country,it had not been ensured until October,2005 in the newly revised China Corporation Law.Its establishment will play an important role in improving the management mechanism of companies,assuring the right of small shareholder and company,and promoting the development of market economy.But its limits should be perfected.

Key concepts: Shareholder, Corporation, China, Corporate law, Action (physics), Business, Law, Market economy

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