The business judgment rule would require an officer or director to use the highest duty of care in the execution of his office.

Question

Quizplus · Accepted Answer

The business judgment rule does not require the highest duty of care but rather protects officers and directors from liability for decisions made in good faith, with the belief that they are acting in the best interest of the corporation, even if those decisions turn out to be poor in hindsight.

The Business Judgment Rule Would Require an Officer or Director