FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/RBSyLDx8p1LtTo82YnXmJcW
Label Business Judgment Rule
Preferred Label N/A
Identifier N/A
Alternative Labels

None

Definition

The Business Judgment Rule is a legal principle that shields corporate directors and officers from liability for decisions made in good faith and with reasonable care in the best interests of the company, even if those decisions ultimately result in negative consequences.

Class Relationships

Parent Class Of 0

  • None

Translations

🇩🇪

de-de

Business Judgment Rule

🇬🇧

en-gb

Business Judgment Rule

🇪🇸

es-es

Regla de Juicio Empresarial

🇲🇽

es-mx

Regla de Juicio Empresarial

🇧🇷

pt-br

Regra de julgamento empresarial

🇫🇷

fr-fr

Règle de jugement commercial

🇮🇱

he-il

כלל שיקול דעת עסקי

🇮🇳

hi-in

व्यापार निर्णय नियम

🇯🇵

ja-jp

ビジネス判断規則

🇨🇳

zh-cn

商业判断规则

Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

Comment

None

Description

None

Notes

  • None

Editorial Information

History Note

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available