Meta Summary: Shielding Corporate Leadership The Business Judgment Rule (BJR) is a foundational principle in corporate law, providing a crucial shield to corporate directors and officers. It establishes a judicial presumption that a board’s decisions were made in good faith, on an informed basis, and in the honest belief they were in the corporation’s best […]
Meta Summary: Directors and officers of a corporation owe a fiduciary duty of care to the company. This essential obligation requires them to act in good faith, with reasonable prudence, and in the best interests of the corporation, a standard often shielded by the powerful Business Judgment Rule (BJR). For corporate directors and officers, the
META DESCRIPTION A fiduciary duty represents the highest standard of legal obligation, demanding complete loyalty and good faith. Learn the core duties—Care, Loyalty, and Good Faith—and understand what constitutes a breach in relationships like trusteeships, corporate governance, and financial advisory roles. Protect your interests by knowing your rights as a principal or beneficiary. The Unbreakable