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https://www.oflaherty-law.com/learn-about-law/the-business-judgment-rule-for-illinois-corporate-officers-explained#:~:text=The%20Business%20Judgment%20Rule%20assumes%20all%20corporate%20officers,good%20faith.%20What%20is%20the%20Business%20Judgment%20Rule%3F
https://www.natlawreview.com/article/corporate-officers-and-business-judgment-rule
As Professor Lyman P.Q. Johnson has observed, avoiding judicial encroachment into business decisions is one of the policy rationales commonly advanced for applying the business judgment rule to ...
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 …
https://www.investopedia.com/terms/b/businessjudgmentrule.asp
https://www.jstor.org/stable/40688275
Corporate Officers and the Business Judgment Rule 441 extended to an officer qua officer. Often, moreover, judicial assertions concerning the rule's application to officers are extraneous to the ratio decidendi of the case and, hence, constitute mere …
https://www.oflaherty-law.com/learn-about-law/the-business-judgment-rule-for-illinois-corporate-officers-explained
The Business Judgment Rule, also referred to as the Business Judgment Presumption, is a case law-derived doctrine in corporate law that creates a defense against personal liability for corporate officers, directors, managers, and other agents of a corporation. According to the business judgment rule, corporate agents cannot be held personally liable for actions that they …
https://www.gcklegal.com/business-judgment-rule-limits-exceptions/
According to In re Farmland Industries, Inc., 335 B.R. 398, 411 (Bankr.W.D.Mo.2005) the business judgment rule has a circularity – an officer’s or director’s good faith and informed action is presumed unless it is shown that the questioned transaction was not made in good faith or with due care, i.e., in an informed manner. Therefore, to survive a …
https://scholarlycommons.law.wlu.edu/wlufac/106/
Abstract. This article argues that the business judgment rule - a cornerstone concept in corporate law - does not and should not extend to corporate officers in the same broad manner in which it is applied to directors. The argument proceeds along both descriptive and normative lines. After first reviewing judicial decisions, the article concludes that, notwithstanding frequent, broad …
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. Blake, 300 Ga. App. 816 (Ga. …
https://www.jstor.org/stable/pdf/40688302.pdf
Professor Johnson urges that the business judgment rule protects only director judgments based upon reasonable care in ascertaining per- tinent facts - apparently leaving ordinary negligence as a basis for a claim against directors for breach of the duty of care.16 As we use the term, however, the busi-. 13.
https://www.morganlewis.com/pubs/2012/01/california-business-judgment-rule-does-not-shield-corporate-officers-from-personal-liability
No. CV 11-5561 ODW (MRWx), December 13, 2011), refused to extend the protections of the California business judgment rule defense to the alleged negligent actions of the former Chief Executive Officer of Indymac Bank. California’s “business judgment rule” (codified under Section 309 (a) of the California General Corporation Law) provides that …
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