Publication Type

Journal Article

Version

publishedVersion

Publication Date

1-2001

Abstract

As a mechanism for shareholder control of corporate wrongs and thus as a tool of corporate governance, the statutory derivative action has had much international attention given to it, particularly in the last 10 years. Singapore introduced its statutory derivative action in 1993 and since then, there have been two reported cases in which the action was invoked. In this paper, I consider the Singapore derivative action as contained in sections 216A and 216B of the Singapore Companies Act. The approach taken is a comparative one as I also look at the statutory derivative actions in Australia and other common law jurisdictions. I then identify possible areas for review, with a view to enhancing the potential effectiveness of the action.

Keywords

statutory derivative action, Singapore, corporate governance, section 216A, section 216B, Singapore Companies Act

Discipline

Asian Studies | Business Organizations Law | Commercial Law

Research Areas

Corporate, Finance and Securities Law

Publication

Bond Law Review

Volume

13

Issue

1

First Page

64

Last Page

94

ISSN

1033-4505

Publisher

Bond University

Additional URL

https://epublications.bond.edu.au/blr/vol13/iss1/3/

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