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Search results with tag "Business judgment rule"
Homeowners Associations and the Business …
pvtgov.orgHomeowners Associations and the Business Judgment Rule: Bad Law Should the business judgment rule (herein “BJR”) rather than the alternative, reasonableness test
An Overview of Fiduciary Duties - Latham & Watkins
www.lw.comDuty of Care Duty of Loyalty 5 What are the directors’ duties to the corporation and the stockholders? ... • With gross negligence Business Judgment Rule 16. ... fairness” standard applies What is the function of the Business Judgment Rule? 18.
Breaking Down the Business- Judgment Rule
www.winston.com541, 548 (1949)). These actions typically arise when a shareholder sues the corporation’s directors for a “wrong” that the directors have inflicted upon the corporation itself, and only indirectly or “incidentally” upon the shareholders solely by virtue of their relation to the directors through the corporation. See, e.g., Jones v.