(redirected from Business judgment rule)
Also found in: Legal, Financial, Wikipedia.
BJRBonjour (Tour de France cycling sponsor)
BJRBritish Journal of Radiology
BJRBusiness Judgment Rule (corporate law)
BJRBritish Journalism Review (UK)
BJRBayerische Jugendring (German: Bavarian Youth Council; Bavaria, Germany)
BJRBrad Jones Racing (car racing; Albury, New South Wales, Australia)
BJRBanff Jasper Relay (Canada)
BJRBed Joint Reinforcement (construction)
Copyright 1988-2018, All rights reserved.
References in periodicals archive ?
The Dodge opinion recognized the business judgment rule, which immunizes directors of a corporation who "acted on an informed basis, in good faith and in the honest belief that the action taken was in the best interest of the company." See Sinclair Oil Corp.
Under the business judgment rule, "[c]ourts do not measure,
And the business judgment rule affords broad discretion to the board, and makes such decisions, if thoughtfully made, essentially unreviewable (except in a shareholder vote).
VII Conclusion as to the Australian Business Judgment Rule
Under the business judgment rule, the directors and officers of the GA and PSP are clothed with the presumption that they acted or will act with bona fide regard for the interests of their respective organizations.
14, 2014) (board of directors not entitled to ample protections of business judgment rule because its investigation into shareholder allegations did not support its subsequent actions) Jennifer Brining was a shareholder of Sendlater, Inc., a Vermont corporation.
If a leveraged transaction is challenged in court by a shareholder, the business judgment rule provides a highly deferential standard of judicial review of corporate decisions, as long the decision was well-informed and not tainted by fraud, illegality, or self-interest.
The business judgment rule is a legal principle protecting officers, directors, managers and other agents of a corporation from liability for loss incurred as a result of business decisions that are within their authority and power to make when sufficient evidence demonstrates that the transactions were made in good faith.
The determinative issue in Kenneth Cole was whether the court should apply the business judgment rule or the entire fairness standard.
Full browser ?