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Shaner, Megan Wischmeier --- "Stockholder litigation, fiduciary duties, and the officer dilemma" [2018] ELECD 1126; in Griffith, Sean; Erickson, Jessica; Webber, H. David; Winship, Verity (eds), "Research Handbook on Representative Shareholder Litigation" (Edward Elgar Publishing, 2018) 330

Book Title: Research Handbook on Representative Shareholder Litigation

Editor(s): Griffith, Sean; Erickson, Jessica; Webber, H. David; Winship, Verity

Publisher: Edward Elgar Publishing

ISBN: 9781786435330

Section: Chapter 21

Section Title: Stockholder litigation, fiduciary duties, and the officer dilemma

Author(s): Shaner, Megan Wischmeier

Number of pages: 19

Abstract/Description:

The focus of this chapter is shareholder litigation against corporate officers. Tracing the divergence between the development of director and officer fiduciary duties, the author points out that stockholder litigation is rarely used to hold officers accountable. The chapter explores the causes and consequences of this gap in corporate law, and suggests remedial approaches targeted at officers’ managerial role.