The "Unocal Rule" says that under the business judgment rule,board members have the right and the duty to work to block a takeover bid when that bid will damage the corporation and legitimate corporate plans.

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The "Unocal Rule" was established in a legal case involving Unocal Corporation to allow board members to use the business judgment rule to block a takeover bid if it is deemed harmful to the corporation and its legitimate corporate plans.

The "Unocal Rule" Says That Under the Business Judgment Rule,board