Business Judgment Rule

Business Judgment Rule - 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 Information

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Identification

Label (rdfs)
Business Judgment Rule
Preferred Label
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Alternative Labels
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Identifier
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Definition and Examples

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.
Examples
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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 Relationships

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Additional Information

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Notes
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Deprecated
False

Metadata

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