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Business Judgment Rule
Chicago's Legal Latte
English - December 09, 2014 22:00 - 16 minutes - 13.9 MB - ★★★★★ - 5 ratingsBusiness business law tax law family law estate planning real estate personal injury litigation Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: What Does It Mean to “Fund” A Trust, and Why Is Funding So Important?
The business judgment rule is a presumption that directors of a corporation or those who manage other entities make business decisions on an informed basis, in good faith, and with the honest belief that the course taken was in the best interest of the entity. This podcast with Steven Migala explores the business judgment rule and explains its meaning and significance to those who serve as directors of corporations and who manage limited liability companies.