Foss v Harbottle $2$ Hare $461,67$ ER $189$ is a leading English precedent in corporate law or business law. The rule laid down by the Justices in this land mark case underpins the protective structures of shareholders$$ interests in ensuring corporate governance and accountability.

Task

$($a$)$ Render a scholarly perspective on the historical development of Derivative Claims in company law and account for their critical role in promoting corporate governance best practices in holding directors or officers of a company accountable for breach of fiducially duties.

$($b$)$ Succinctly discuss the exceptions to the Rule in Foss v Harbottle $2$ Hare$461.67$ ER $189.$