Asked by
Madeline Harrington
on Nov 28, 2024
Verified
A corporate director is not liable to the corporation or its shareholders for an honest mistake of judgment.
Mistake Of Judgment
an error made in the decision-making process, often due to a lack of information or misinterpretation of facts.
Corporate Director
A member of the board of directors of a corporation, responsible for overseeing and guiding the corporation's policies and direction.
- Develop an understanding of the legal and ethical obligations faced by corporate officers and directors, especially regarding fiduciary duties and liability challenges.
Verified Answer
ST
Learning Objectives
- Develop an understanding of the legal and ethical obligations faced by corporate officers and directors, especially regarding fiduciary duties and liability challenges.
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