The "indoor management rule" governs the activities of officers and directors but not agents of the corporations.

Question

Quizplus · Accepted Answer

The indoor management rule is a legal principle that applies only to officers and directors of a corporation, providing them with certain protections in their decision-making process. It does not apply to agents of the corporation, who are expected to follow the instructions and policies set by the managers.

The "Indoor Management Rule" Governs the Activities of Officers and Directors