business judgment rule
noun
: a rule of law that provides corporate immunity to directors of corporations protecting them from liability for the consequences of informed decisions made in good faith
Dictionary Entries Near business judgment rule
Cite this Entry
“Business judgment rule.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/business%20judgment%20rule. Accessed 22 Nov. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share