With respect to the director duty of good faith, former Delaware Chancery Court Chief Justice Veasey defined good faith as

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Former Delaware Chancery Court Chief Justice Veasey defined good faith as an honesty of purpose that leads to caring for the well-being of one's constituents, which includes not only shareholders but also other stakeholders such as employees, customers, and the community. It goes beyond narrow self-interest and requires directors to act in the best interests of the corporation as a whole. While choices A, C, and D are relevant aspects of director duties, they do not capture the essence of good faith as Veasey defined it.

With Respect to the Director Duty of Good Faith, Former