The Federal Deposit Insurance Corporation (FDIC), the bank regulator and receiver, inherits the right to sue bank directors and officers for losses, as well as their outside professional service providers, such as auditors, attorneys, and appraisers.

FORBES: FDIC Makes A Case Against Auditors For Bank Failures

By explicitly allowing shareholders to sue rogue directors on behalf of the company, it clarifies a right that the courts already recognise.

ECONOMIST: A proposed new bill would invite judges into the boardroom