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business judgment rule

The business judgment rule is a legal defense used to absolve corporate directors and officers 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.

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business judgment rule

The business judgment rule is a legal defense used to absolve corporate directors and officers 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.