When a company is harmed, the board of directors can sue on behalf of the corporation. If they do not, the shareholders may bring a(n) action. Before filing suit, the shareholders must make a(n) ___ demand of the board to do so. If the board does not take action within days, the shareholders can file suit. A court may dismiss the case if the majority of directors or a(n)___ panel determines in good faith that the lawsuit is not in the best interest of the corporation.

derivative, written, 90, independent

Explanation:

When a company is harmed, the board of directors can sue on behalf of the corporation. If they do not, the shareholders may bring a DERIVATIVE action. Before filing suit, the shareholders must make a WRITTEN demand of the board to do so. If the board does not take action within 90 days, the shareholders can file suit. A court may dismiss the case if the majority of directors or an INDEPENDENT panel determines in good faith that the lawsuit is not in the best interest of the corporation.

answer; limbic system;

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