The determination of whether a corporate director or officer has met his or her duty of care is measured in hindsight.

Question

Quizplus · Accepted Answer

The determination of whether a corporate director or officer has met his or her duty of care is not measured in hindsight, but rather is based on the facts that were reasonably available to the director or officer at the time they made decisions or took action. This is known as the "business judgment rule."

The Determination of Whether a Corporate Director or Officer Has