The courts have traditionally viewed it as their responsibility to sit in judgment on the wisdom of decisions made by corporate directors.

Question

Quizplus · Accepted Answer

The courts generally do not second-guess the business decisions made by corporate directors as long as they are made in good faith and in the best interest of the company. This is known as the business judgment rule, and it reflects the principle that directors are in the best position to make decisions about the company's operations and strategy.

The Courts Have Traditionally Viewed It as Their Responsibility to Sit