Concept information
Terme préférentiel
business judgment rule
Définition
- The business judgment rule serves to shield an officer or director from civil liability when sued for a breach of a fiduciary duty, with the highest fiduciary duty owed to shareholders. Under corporation law, the business judgment rule is the classic defense used by directors and officers of corporations when they are sued, usually by shareholders. [Source: Encyclopedia of Business Ethics and Society; Business Judgment Rule]
Concept générique
Appartient au groupe
URI
http://data.loterre.fr/ark:/67375/N9J-FC7PD9H5-9
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