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

Question

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Shareholders in some countries, such as the United States, have legal rights and procedures that allow them to effectively sue publicly-traded firms if their executives or directors commit financial fraud. These rights and procedures include securities class-action lawsuits, derivative lawsuits, and the ability to vote on corporate governance issues. However, shareholder power and legal remedies vary by country and jurisdiction.

Shareholders in Some Countries May Have More Power to Effectively