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Question 3 The introduction of a statutory derivative action, greatly improves the extent to which a member can challenge abuses of corporate power on behalf

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Question 3 The introduction of a statutory derivative action, greatly improves the extent to which a member can challenge abuses of corporate power on behalf of the company, in essence it means that the rule in Foss v Harbottle is now of little relevance in modern UK company law. Giving authoritative reasons for your answer, discuss the extent to which you agree or disagree with this statement. Total 25 Marks

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