A director or officer is not liable to the corporation for a bad business decision.

Name: A director or officer is not liable to the corporation for a bad business decision.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

As long as the director or officer acted in an informed and reasonable manner, and did not breach any fiduciary duties, they are protected by the business judgment rule and cannot be held personally liable for a bad business decision.

A Director or Officer Is Not Liable to the Corporation