Contents Close
You are currently not signed in. Any products you have purchased will not be available until you Sign In.
For a personalized walk-through of IRMI Online, Request a Demo.

business judgment rule

A common law liability doctrine sometimes used to absolve the directors and officers of a corporation from liability, provided it can be shown that a loss resulted from a seemingly prudent, good faith business decision that simply turned out to be incorrect, rather than a grossly negligent or fraudulent act.

Links for IRMI Online Subscribers Only: PLI III.D


Social Media

User ID: Subscriber Status:Free