☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Business Judgment Rule

The presumption that corporate directors acted on an informed basis, in good faith, and in the honest belief that their decision was in the best interest of the company — shielding directors from liability for business decisions.

Category: Corporate Law · Source: Aronson v. Lewis, 473 A.2d 805 (Del. 1984)
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