Abstract Returning right means the income of any director or senior manager from any act in violation of the obligations of fidelity to the company shall belong to the company. The thesis begins from the case example that the state-owners enterprise change the system, to make the discussion and analysis the returning right and the relationship between right of return and litigation of derivation. The paper thinks that where a director or senior manager misappropriates company funds to seizes the state-owned ownership of share , the income derived therefrom shall belong to the company. Although the derivation suit mainly aims at the compensation provision, it shall also apply towards the right of recovery.
|
Received: 14 June 2007
|
|
|
|