See the attachement and decide which question you are familiar with Essay

See the attachement and decide which question you are familiar with - attempt ExampleAs stated by Lord Sainsbury, Parliamentary Under-Secretary of State at DTI, the purpose of the procedure is to to constantly update company law in response to changes in the way companies do duty1. According to Lord Sainsbury, the Act has four key objectivesIt cannot be gainsaid that minority shareholders occupy a insecure and precarious position in the hierarchy of the corporate structure. The dilemma that of how one is to go about preserving their rights and granting them protections is uniform to the dilemma that faces a democratic polity while the will of the majority is a foremost consideration and indeed is the most equitable way to resolve disputes and frame policies, there is an every bit compelling and equally valid need to have regard for the interests of those in the minority marginalized sectors who face constant threat of cosmos disenfranchised in a system founded on justice and f airness.The part of the Act that is most germane(predicate) to shareholder engagement is Part 11, which provides shareholders with, as stated in paragraph 480 of the Explanatory Notes, a innovative procedure for bringing such an action which set down criteria for the court distilled from the Foss v Harbottle jurisprudence. 2The Act essentially expands the existing derivative action, and allows shareholders to sue the directors for a wider range of breaches, namely in honour of an actual or proposed act or omission involving negligence, default, breach of duty or breach of trust. some other significant change is that a shareholder who has brought proceedings must apply to court for leave to come to the claim. The following criteria must be followed by the court in considering whether or not refuse permission are as followsThe Act also contains restrictive provisions on the issue of ratification by the majority. Members who are personally interested in the