shareholder lawsuits

What Is The Business Judgment Rule Quizlet?

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What Is The Business Judgment Rule Quizlet? Business Judgment Rule: Defined. A presumption that in making business decisions, corporate directors and officers (minority: only directors) acted on an informed basis, in good faith, and in honest belief that the action was in best interests of the company. What does the business Judgement rule encourage quizlet?

What Is The US Business Judgment Rule?

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What Is The US Business Judgment Rule? Overview. The business judgment rule is invoked in lawsuits when a director of a corporation takes an action that affects the corporation, and a plaintiff sues, alleging that the director violated the duty of care to the corporation. … Practically, the business judgment rule is a presumption in