To obtain the protection of the business judgment rule,a director must meet certain requirements in arriving at his/her decisions.He/she must:

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In order to obtain the protection of the business judgment rule,the directors must meet three requirements in arriving at their decision: First,they must make an informed decision.Second,the decision makers must be free from conflicts of interest.Third,the board of directors must have a rational basis for believing that the decision is in the best interests of the corporation.

To Obtain the Protection of the Business Judgment Rule,a Director