Social Studies, 05.05.2020 23:08, kkkikibdh

When a company is harmed, the board of directors can sue on behalf of the corporation. If they do not, the shareholders may bring a(n) action. Before filing suit, the shareholders must make a(n) _ demand of the board to do so. If the board does not take action within days, the shareholders can file suit. A court may dismiss the case if the majority of directors or a(n)_ panel determines in good faith that the lawsuit is not in the best interest of the corporation.

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When a company is harmed, the board of directors can sue on behalf of the corporation. If they do no...