Both possibilities exist, and the distinction matters. A shareholder may sue directly where the wrong affects their own rights or interests, but where the real injury is to the corporation, Ontario law points toward a derivative action; BCE expressly describes the derivative action as the route for enforcing corporate rights, while Peoples confirms that directors’ fiduciary obligations are owed to the corporation, not directly to stakeholders as such.
Frequently Asked Questions
Can a shareholder sue directly, or does the claim sometimes belong to the corporation?
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