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Business Judgment Rule: A Shield for Corporate Directors

Meta Description: Understand the business judgment rule, a key legal doctrine protecting corporate directors. Learn how it works, its core principles of good faith and informed decision-making, and the exceptions that can lead to liability. Introduction: The Foundation of Corporate Decisions In the high-stakes world of business, corporate directors are tasked with making critical decisions […]

and gross negligence, and sometimes risky, Board of Directors, care, corporate governance, corporate law, directors duties, Duty of Care, duty of loyalty, Fiduciary Duty, illegal, legal doctrine, reviewing reports, shareholder lawsuits, such as fraud, were fully informed, with reasonable care