This volume examines the circumstances in which a shareholder can bring an action on behalf of a company (a derivative action). It explores how this remedy may be used to ensure good corporate governance, and lays out a theoretical framework and practical guidance for future development of the law. Derivative actions are an important aspect of the continuing debate about corporate governance in the UK, the US and many other jurisdictions worldwide. This book offers a conceptually inclusive approach to thinking about derivative actions by providing a detailed and clear overview, commentary, and a theoretically informed explanation of the law governing derivative actions in the corporate governance context.