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https://www.baynelaw.com/blog/2022/04/business-judgment-rule-bad-decisions-by-directors-or-officers-are-not-necessarily-a-breach-of-duty/#:~:text=The%20business%20judgment%20rule%20accepted%20by%20most%20US,poor%20or%20have%20negative%20consequences%20to%20the%20corporation.
https://www.lexisnexis.com/LegalNewsRoom/lexis-hub/b/commentary/posts/the-business-judgment-rule-shields-corporate-officers-and-directors-from-liability-for-acts-of-negligence-and-carelessness
A similar doctrine, but one that creates a defense against personal liability for a corporate officer, is the business judgment rule. The business judgment rules states that an officer or director of a corporation is not liable for acts of mere negligence. The basis of the business judgment rule was explained in a recent case from Georgia, Brock Built, LLC v.
https://www.upcounsel.com/business-judgement-rule
The business judgement rule is often used in cases where the director of a corporation is sued for violating his obligation to act in the best interested of the company. Under the business judgement rule, a court will not prosecute a director for his or her decisions if it can be shown that they were made: Rationally; In good faith
https://elawlines.com/2015/08/25/the-business-judgment-rule-a-self-defense-tactic-for-corporate-officers-and-directors
However, this standard is tempered to a large extent by what is known as the “business judgment rule,” which protects corporate officers and directors from liability for intra vires decisions within their authority made in good faith, uninfluenced by any other consideration than the honest belief that the action subserves the best interests of the corporation. The …
https://corpgov.law.harvard.edu/2017/01/19/the-importance-of-the-business-judgment-rule/
The business judgment rule (Rule), the most prominent and important standard of judicial review under corporate law, protects a decision of a corporate board of directors (Board) from a fairness review (“entire fairness” under Delaware law) unless a well pleaded complaint provides sufficient evidence that the Board has breached its fiduciary duties or that the decision making process …
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