Shareholders in some countries may have more power to effectively sue publicly traded firms if their executives or directors commit financial fraud.

Question

Quizplus · Accepted Answer

Shareholders in some countries such as the US have more power to effectively sue publicly traded firms if their executives or directors commit financial fraud through class-action lawsuits. This is not the case in all countries, as laws and regulations regarding shareholder rights and corporate liability vary by jurisdiction.

Shareholders in Some Countries May Have More Power to Effectively