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Delaware Judgment  Form

Delaware Judgment Form

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Instructions and help about delaware judgment pdf

the business judgment rule the business judgment rule is an important caveat to the corporate duty of care owed by officers and directors to their companies the duty of care requires directors and officers to act in as competent a manner as reasonably prudent people would in their positions officers and directors must make decisions that they believe in good faith to be in the best interests of their companies and must make decisions after appropriate research and due diligence enquiries the decisions must be the products of appropriate care and thought officers and directors who fail to uphold their duties of care can be subject to shareholder lawsuits including shareholder derivative actions for any damages caused by these failures these lawsuits which can subject officers and directors to heavy monetary liability are very powerful tools to penalized derelict directors this is evident from high-profile shareholder derivative suits that have been brought against directors of many majo

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