Construct · 1 fields · 1 citations

business judgment rule: a standalone construct

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Corporate law

the presumption that directors acted on an informed basis, in good faith and in the company's interest, which leads courts to refrain from reviewing decisions.

In corporate law, business judgment rule refers to the presumption that directors acted on an informed basis, in good faith and in the company's interest, which leads courts to refrain from reviewing decisions. This meaning comes from Bainbridge (2003) in The Business Judgment Rule as Abstention Doctrine.[1]

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Nearby constructs

basis3 fields · 5 citationsjingle · one word, three constructs business1 fields · 1 citationsanchor · a standalone construct doctrine1 fields · 2 citationsanchor · a standalone construct

References

Bainbridge, S. M. (2003). The Business Judgment Rule as Abstention Doctrine. Elsevier BV. https://doi.org/10.2139/ssrn.429260

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