모회사의 주주보호에 관한 연구

After we lifted the ban on the holding company by the Korean Revised Corporate Law in 2001, I think, a problem of corporate combinations is being a big issue because of reduction of a shareholder's right. Nevertheless, enough of this debate have been not performed. But, There are plenty of cases precedents and related statutes in the United States, Britain, Germany and Japan. In a parent〔subsidiary〕company, parent's shareholders could not have the power over the sell the subsidiary company's assets and subsidiary company's stock. Therefore, the United States Supreme Court ruled that the disposition of subsidiary's assets requires approval of the parent company's shareholder. A shareholder of a parent company is entitle to inspect and copy any of the records of the subsidiary company during regular business hours in Japan. If the decision of a parent company' board was uninformed or lacked a rational basis, any director who participated in the decision is liable for breaching a duty of care. The multiple derivative suit is accepted by the United States Supreme Court, and there is a need of investigation the multiple derivative suit.