business judgment rule

noun

: a rule of law that provides corporate immunity to directors of corporations protecting them from liability for the consequences of informed decisions made in good faith

Dictionary Entries Near business judgment rule

Cite this Entry

“Business judgment rule.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/business%20judgment%20rule. Accessed 27 Apr. 2024.

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