If a shareholder believes that he or she suffered loss as a result of a failure of the directors to do their duty,

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The best choice is for the shareholder to bring a derivative action, which is a lawsuit brought by the shareholder on behalf of the corporation against the directors for breach of their duty. This allows the shareholder to seek a remedy for their losses without needing the corporation to sue its own directors. The Canada Business Corporations Act does provide for derivative actions, but it is not a remedy in and of itself. Internal dispute settlement procedures may also be available, but they are not the only option and may not effectively address the shareholder's losses.

If a Shareholder Believes That He or She Suffered Loss