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

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

Quizplus · Accepted Answer

The business judgment rule protects officers and directors from liability as long as they act in good faith, with reasonable care, and in the best interest of the corporation, but it does not require the highest duty of care.

The Business Judgment Rule Would Require an Officer or Director