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The Business Judgement Rule, Tamar Frankel
The Business Judgement Rule, Tamar Frankel
Faculty Scholarship
Symposium: Current Issues in Corporate Governance: Conference Panel Discussion
Prof. Kozyris: Our discussion today will focus on the so-called "business judgment rule," a judicially developed law concept that the business decisions of corporate management should not be second-guessed by the courts. The courts will not interfere with such decisions as they are being made and carried out, nor will they impose liability on management if it turns out that the decisions were wrong.