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Fabian Gallardo
on Nov 30, 2024

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The business judgment rule would require an officer or director to use the highest duty of care in the execution of his office.

Business Judgment Rule

A legal principle that protects corporate directors and officers when making business decisions, assuming those decisions are made in good faith and with due care.

Duty of Care

The legal obligation of a person to exercise a reasonable standard of care while performing any acts that could foreseeably harm others.

Officer

An individual appointed or elected to an executive position within an organization, often with specific duties and responsibilities.

  • Differentiate the responsibilities and obligations of shareholders, directors, and officers, inclusive of fiduciary responsibilities.
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Aktan KambarbekovDec 07, 2024
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